Rosie Burgin

MILAN, Italy - Dutch bicycle manufacturer Accell Group painted a rosy picture in October when it announced it had improved its financial position and reduced its corporate debt in agreement with its financial stakeholders. But seeing as this financial restructuring is not due for completion until February 2025, credit ratings agency Moody's has downgraded Accell Group, citing "a very high likelihood of a default occurring over the next 6 months."

AMSTERDAM, The Netherlands - Bike subscription service Swapfiets, will celebrate its ten-year anniversary on November 7. Under the guidance of Pon Holding's investment company Ponooc since 2018, the company has grown to have over 270,000 members across Europe. Although, still striving for profitability, the B Corp-certified scale-up is working hard towards creating a 100% circular bicycle.

TAIPEI, Taiwan - Despite continued difficulties in the market, exhibitor booth spaces for Taipei Cycle 2025 have officially been filled and a waitlist has been opened. Being held from 26-29 March the event will continue its focus on sustainability.

VIENNA, Austria - Children and youth bike manufacturer Woom has appointed Bernd Hake as CEO. He succeeds Paul Fattinger, who is leaving by mutual agreement after three years in charge. According to the company, the change in management is a further step in its development from a start-up to an established international brand.

BEVERWIJK, The Netherlands - Dutch e-bike and electric cargo bike manufacturer Optima Cycles has acquired compatriot Dolly Bikes, which focuses on the high-end e-cargobike segment. With this strategic acquisition, Optima Cycles, known for the brands Dutch ID and Lovens, aims to strengthen its position in the rapidly growing electric cargo bike market and create new growth opportunities.

UTRECHT, The Netherlands - 80% of bicycle industry representatives in a recent survey stated that their companies are taking a strategic approach to climate action, with 35% having made considerable progress and are able to track their results. This is a key finding of the first edition of the Climate Action Pulse Check, a global survey that will function as an annual assessment of climate action progress within the cycling industry. However, consumers are less optimistic at the progress gained.

BRUSSELS, Belgium - Over the first nine months of 2024, registrations of second-hand speed pedelecs in Belgium increased by +17.4% compared to the same period in 2023, and by +39.3% compared to 2022, according to figures released by trade association Traxio. However, for new speed pedelecs a reverse trend is seen as sales dropped 17.9% compared to 2023.

OBERWANGEN, Switzerland - After 11 years at Stromer, co-CEO Tomi Viiala has decided to step back from the operational business and leave the company. The reason given is to "spend more time with his family, who live in Finland." Viiala will remain a shareholder of Stromer.

Nürtingen, Germany - The former company headquarters of Magura has moved into a brand-new facility of Magura Bosch Parts & Services (MBPS). Two years after the decision in favour of a new building was made, all MBPS departments have now moved into the one building.

MUNICH, Germany - With over 25,000 pre-owned and refurbished bikes listed on its platform, over 2,000 of which come from the US, the fast-growing startup Buycycle is on a mission to connect high-end bicycle buyers and sellers on a global scale. One of the founders of Buycycle, Theodor Golditchuk, spoke with Bike Europe about the company's rapid rise in the second-hand market.