Latest Corporate and M&A – Page 14
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ArticlePatrik Frisk buys ski resort in Sweden
Patrik Frisk, former CEO of Under Armour, has purchased a ski resort in Sweden. Branäs Group announced the sale of Ulricehamn Ski Center in Västergötland to Frisk and his family last Thursday. Frisk told Freeride magazine that he wants to give more young people, families and clubs in the region ...
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ArticleNew German DTC e-bike company Hepha goes live
A new DTC e-bike supplier called Hepha GmbH is a new kid on the block in the buzzing e-bike market. Noticeably, the top model of the southern German brand comes with a mid-motor developed by the company itself in Germany, while the two other models are equipped with mid-motors made ...
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ArticlePinarello’s good results accelerate further investments
Based on the good financial results of the 2021/22 fiscal year (ended June 30), Italy’s Cicli Pinarello s.r.l. is looking to a bright future. For the current fiscal year 2022/23, the road bike supplier is expecting a growth rate of between 25 and 30 percent – “still considering the limitation ...
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ArticleAlpkit launches second crowdfunding; invites customers to join as shareholders
On Oct. 24, British outdoor and cycling brand Alpkit will once again invite its customers to participate as shareholders via crowdfunding. The company launched a first of its kind in 2020, reaching its target in just eight minutes and closing the round 43 minutes later with 1350 customers as shareholders ...
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ArticleInfinited Fiber predicts Infinna roll-out delay due to Ukraine war
Fashion and textile technology company Infinited Fiber Company’s work to build the world’s first commercial-scale Infinna™ textile fiber mill in Kemi, Finland, has been largely on track since the mill site was announced in June 2022. The company is now also increasing its focus on further scaling up Infinna production ...
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ArticleHoudini strengthens global leadership, opens U.S. office in Portland
Swedish outdoor brand and circular business pioneer Houdini has announced a strengthened global leadership team and the establishment of a U.S. office in Portland, Oregon. Niclas Bornling has been named general manager for North America, and Brian Anthony becomes director of sales and merchandising. Both are working out of the ...
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ArticleBergzeit puts automated shuttle warehouse into operation
After a construction period of around 20 months, German online retailer Bergzeit has put a logistics annex with a new warehouse system featuring modern shuttle technology into operation at the company’s headquarters in Otterfing near Munich in September. Covering an area of 2,072 square meters, the warehouse is controlled and ...
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ArticleNew PBG production facility in Lithuania on schedule
After the grand opening of German Kalkhoff Werke GmbH’s plant in September (production of Kalkhoff and Focus e-bikes already started in March), there were questions as to whether Kalkhoff’s Dutch parent company, Pon Bike Group (PBG), would be able to open its third European production facility in Lithuania in 2024 ...
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ArticleEdelrid Group acquires avalanche backpack manufacturer ABS
ABS is becoming part of the Edelrid Group (a company group that also includes the Edelrid brand and Vaude Vietnam). By adding the Munich-based avalanche backpack company to its portfolio, the group is expanding its range of personal protective equipment (PPE) for winter sports. ABS had been owned by Spin ...
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ArticlePatagonia and Gellert’s reactions to allegations of tax evasion
We summarize what Patagonia CEO Ryan Gellert and competitors have to say about Chouinard’s move to donate Patagonia to fight climate change.
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ArticleChouinard family transfers Patagonia ownership to channel dividends to environmental protection
Source: Campbell Brewer Yvon Chouinard Nearly 50 years after founding Patagonia, Yvon Chouinard and his family (together with his children Claire and Fletcher) have decided to give away their company to ensure all proceeds will be used to fight climate change. The Chouinard family has transferred all ...
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ArticleLenzing sees Austrian site at risk due to energy costs, politics and shortage of skilled workers
Stephan Sielaff, the CEO of fiber manufacturer Lenzing AG, sees Austria as an attractive production location - but also as a vulnerable one. “Gas prices are high in Austria, but not in China. If we can no longer cover our costs, at some point, it will be the end of ...
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ArticleMips predicts temporarily weaker bicycle market than expected
After two years of bicycle-related sales records, the listed Thule Group AB already spoke of an imminent temporarily reduced bicycle-related sales volume that will affect sales and profitability in the coming months (OIC reported). Now Mips AB, also from Sweden, is following suit: The Brain Protection System (BPS) manufacturer, also ...
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ArticleRiese & Müller with new management structure and first-time management board
Almost 30 years ago, Markus Riese and Heiko Müller, then students, founded the bicycle company Riese & Müller GmbH (R&M). Since then, the German business has grown from a folding bike start-up to a global player in the e-bike market and today employs over 900 people and generates annual sales ...
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ArticleSwedish e-bike manufacturer EcoRide brings production home
Due to its growth course and imposed EU anti-dumping duties on e-bikes from China, e-bike supplier Nordic Group EcoRide AB moved its production from China to Poland in 2018 – still under the old company name ProNordic Group. Now the Swedish company is moving production again, from Poland to Sweden ...
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ArticlePon Holdings continues to invest in the automotive and bicycle mobility segments
Source: Veloretti After the parent company of Pon Bike Group (PBG), Pon Holdings B.V., on June 1 became a minority shareholder in German car dealer Adelbert Moll GmbH & Co. KG (better known as Moll Group) for an undisclosed amount, the Dutch retail and services giant has ...
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ArticleEcco finishes renovation of headquarters
Ecco has completed the refurbishment of its headquarters located in Bredebro. The town, situated in southern Denmark, has been the company’s home since its foundation in 1963 by Birte and Karl Toosbuy. The site comprises various corporate functions, including finance, supply chain, procurement, information technology, human resources and corporate responsibility. ...
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ArticleTicket to the Moon receives provisional membership status to WFTO
Ticket to the Moon, known for its silk parachute hammock and a range of other travel and outdoor accessories, has been granted provisional membership to the World Fair Trade Organisation (WFTO), the global community of social enterprises that fully practice Fair Trade. WFTO’s guarantee system verifies that members are truly ...
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ArticlePierer Mobility raises sales forecast for FY 2022
While many listed companies are lowering their sales forecasts in these troubled times, Austrian two-wheeler giant Pierer Mobility AG has just revised its sales forecast for fiscal 2022 for the better. According to an ad hoc release published on Aug. 29, good performance in the first half of 2022 and ...
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ArticleExcavation work for new MBPS corporate headquarters in full swing
With the completion of the basic planning phase, the Magura Bosch Parts & Services (MBPS) joint venture formed by Magura and Bosch eBike Systems is starting construction work on the previously communicated new energy-efficient corporate head office. After completion of the excavation work, the start of the ...
