Latest Corporate and M&A

  • laka_cyklaer_01-2
    Article

    Porsche Ventures invests in London-based bicycle insurance provider

    2022-06-24T10:42:00Z

    Laka, a London-based bicycle insurance provider that announced a $12 million Series A round earlier this year, has secured additional funding from Porsche Ventures, the venture capital unit of Porsche AG, bringing the total round to $13.5 million. The Series A funding was initially led by Autotech Ventures, followed by ...

  • uswe-logo-giant loop
    Article

    USWE acquires Oregon-based Giant Loop, opens U.S. subsidiary

    2022-06-22T09:08:00Z

    Swedish company USWE Sports AB has agreed to acquire U.S. companies Giant Loop LLC and Armadillo Bag LLC, among the most successful brands in the soft-bag segment for the off-road market in the U.S. The fixed acquisition price totals approximately $3 million, of which roughly $1.5 million will be paid ...

  • 20% sustainable growth for Isbjorn
    Article

    Isbjörn reports consistent, sustainable growth

    2022-06-20T07:49:00Z

    Swedish outdoor children’s apparel brand Isbjörn of Sweden has announced 20 percent year-over-year global growth through April 2022. Isbjörn was recently acquired by Online Brands Nordic AB, which will provide a solid financial backbone for further sustainable growth, and reported a healthy Ebitda of more than 11 percent. Isbjörn is ...

  • Vittoria x A. Dugast 1
    Article

    Vittoria Group and A Dugast open new regional headquarters in the Netherlands

    2022-06-16T10:57:00Z

    Right after the acquisition of A Dugast by the Vittoria Group in May 2021, there were considerations on how best to join forces and exploit synergies. On June 15, the two bicycle tire suppliers inaugurated the new headquarters of Vittoria Northern Europe and A Dugast in Oldenzaal, the Netherlands. This ...

  • MIPS_logo
    Article

    Mips presents new strategy and updated financial targets

    2022-06-11T10:50:00Z

    At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...

  • signa-spouni-logo-cmy-color-pos-1-1
    Article

    SSU partners with Rhenus on “largest bicycle components hub in Europe”

    2022-06-09T07:05:00Z

    Signa Sports United (SSU) announced a strategic partnership with Rhenus Warehousing Solutions and the opening of a new state-of-the-art SSU warehouse. The newly built 20,000-square-meter facility, which SSU says is the largest bicycle parts hub in Europe, is strategically located in Hockenheim, Germany, with excellent distribution channels to several European ...

  • Bild
    Article

    Porsche takes over remaining 80 percent in Fazua

    2022-06-08T12:37:00Z

    Porsche AG seemed to like what it saw when it acquired a 20 percent minority stake in fledgling e-bike drive manufacturer Fazua GmbH in January 2022. The German sports car maker now announced it will acquire the remaining 80 percent. No details were provided about the sale price. The Stuttgart-based ...

  • Five-V_Blog-Post_Sea-To-Summit_01_r1v1-p-1600
    Article

    Australian investment company acquires majority stake in Sea to Summit

    2022-06-01T07:03:00Z

    Australian investment company Five V Capital has become the majority shareholder of Sea to Summit Pty Ltd, the adventure gear brand headquartered in Perth, Western Australia. Sea to Summit offers adventure equipment such as sleeping bags, dry bags, sleeping mats, tents, camping kitchens and outdoor accessories worldwide. In Australia, Sea ...

  • Ternua
    Article

    A look at Ternua’s business with its CEO

    2022-05-25T13:56:00Z

    Ternua Group rounded out 2021 with sales of €28.8 million, up by 15 percent year-on-year and by 11 percent from 2019. Now CEO Jokin Umerez has revealed in an interview with CMDsport that Ternua aims to sustain the same 15 percent growth in sales for the present year, despite uncertainties ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor outlines long-term vision and financial goals for proposed separation of its business

    2022-05-25T12:40:00Z

    Vista Outdoor, the parent company of 39 brands including CamelBak, Bushnell Golf, Foresight Sports, Bell Helmets, Camp Chef, Giro, QuietKat and Stone Glacier, held its annual investor day for institutional investors and analysts at the New York Stock Exchange this week. Speakers included CEO Chris Metz, CFO Sudhanshu Priyadarshi and ...

  • OberalpGroup_People_ChristophEngl02
    Article

    Christoph Engl: “It cannot be a dogma that Europe is always a better production site”

    2022-05-24T06:32:00Z

    In a detailed post on LinkedIn, CEO Christoph Engl explains the production strategy of the Oberalp Group. In the text, originating from a speech at the Oberalp Convention, Engl argues against seeing Europe as a better production site in a global comparison. He also announces his intention to make suppliers ...

  • Lowa_Z61_4130
    Article

    Lowa reports top sales figures for 2021

    2022-05-20T10:31:00Z

    Source: Lowa Alexander Nicolai, CEO Lowa The German mountain, outdoor and everyday footwear manufacturer Lowa has ended 2021 with peak figures for both the number of pairs of shoes sold and revenue, thanks to the ongoing outdoor boom. Sales climbed from 2.49 million pairs in 2020 to ...

  • GSI Pelican
    Article

    Pelican International acquires GSI Outdoors

    2022-05-20T08:54:00Z

    Canadian paddlesports supplier Pelican International, Inc. (not to be confused with U.S. specialty case manufacturer Pelican Products Inc.) has acquired a majority stake in Spokane-based GSI Outdoors. The transaction is an important step in Pelican’s growth as it strives to diversify its offerings in the North American and international outdoor ...

  • Bildschirmfoto 2022-05-13 um 11.16.09
    Article

    Thule Group with new product categories, updates financial targets

    2022-05-16T04:27:00Z

    At its capital markets day, the Swedish Thule Group has presented plans to enter the two new product categories in 2023: car seats – to be launched in Europe first, expanding worldwide in a second step – and dog transport products, starting with a dog cage. The company was also ...

  • Vittoria Park 4
    Article

    Vittoria Group builds bike park and innovation center in Italy

    2022-05-03T08:16:00Z

    Italian bicycle tire giant Vittoria Group has begun construction of what it describes as “the world’s first all-discipline cycling experience, innovation center and knowledge hub for bicycle tire development.” Vittoria Park will be built around the company’s headquarters near Milan. It will also house an impressive testing area open to ...

  • logo-alpkit-2
    Article

    Alpkit receives growth funding, plans to launch footwear this summer

    2022-04-21T07:46:00Z

    Nottingham-based outdoor brand Alpkit has received £2.7 million (€3.2m) in funding from HSBC UK, backed by UK Export Finance (UKEF), the U.K.’s export credit agency and a ministerial department of the UK government, to support its domestic and international growth. Alpkit said it will use the funds to buy more ...

  • Online Brands Nordic AB has acquired Isbjorn of Sweden
    Article

    Online Brands Nordic completes acquisition of Nordic Kidswear and Isbjörn of Sweden

    2022-04-20T14:05:00Z

    E-commerce specialist Online Brands Nordic AB has finalized the acquisition of Nordic Kidswear AB, which includes Isbjörn of Sweden, the sustainable Swedish outdoor children’s clothing brand, as previously announced in January. Founded in 2005 by Maria Frykman and Camilla Schmidt, Isbjörn of Sweden has an undisputed reputation for producing highly ...

  • TVS Motor
    Article

    TVS Motor Group acquires majority stake in another European e-bike company

    2022-04-17T08:22:00Z

    The acquisition of an 80 percent majority stake in Swiss e-bike brand Ego Movement last year was followed by a 75 percent majority stake in Swiss E-Mobility Group (SEMG, the parent company of domestic e-bike retail chain M-Way, among others) in February 2022. Now, Indian two-wheeler and utility vehicle manufacturer ...

  • Rebike_Logo
    Article

    Rebike Mobility completes another round of financing, expansion outside Germany planned

    2022-04-14T15:05:00Z

    Rebike Mobility GmbH, a German provider of used e-bikes founded in 2018, has announced the completion of a new round of capitalization. Leading the round is Circularity Capital, a European investor for growth companies in the circular economy. The new co-investors Tengelmann Ventures and Parkshore Holding bring strategic experience to ...

  • MFB Kopie
    Article

    Government-funded VeloLab founded to encourage innovation in the German bike sector

    2022-04-14T09:49:00Z

    A new platform called VeloLab was launched in early April 2022 with the goal to strengthen the bicycle as a means of transport in Germany. As a funding project of the Federal Ministry of Digital Affairs and Transport (BMDV) within the national cycling plan (NRVP) framework, VeloLab is a digital ...