PRATO, Italy - Delivering groceries transporting up to 100kg and covering around 80 kilometers a day demands more from a cargo-bike than what's possible with a standard model. Italian engineering firm Formula and Ello Mobilité took up the challenge and built a fleet of bikes for French supermarket giant, Carrefour.
JAKOBSTAD, Finland - European component manufacturer, Herrmans Bike Components continues to expand its sustainable product portfolio. The latest addition sees three of its existing chainguard models transition to using 100% recycled ABS plastic.
LEIPZIG, Germany - For Tex-Lock a bicycle lock is not just that standard heavy weight safety device in black that needs to be used by any cyclist to protect their bike. "I wanted to bring fashion and style into this product category but also improve the usability," says Tex-Lock CEO and co-founder Alexandra Baum. "Locks needed a soft feeling instead of bulky steel."
LONDON, UK - When looking for an indication of how dire the current market situation is in the bike industry, look no further than the recent financial results of folding bike manufacturer, Brompton. The renowned British manufacturer has reported a dramatic decline in profits, plummeting from £10.7 million (€ 12.9 million) to just £4,602 (€ 5,543) for the fiscal year ending March 2024.
TERNDRUP, Denmark - As part of its continued growth investments, Danish online bike retailer Cykelgear, has merged with fellow Danish e-commerce business, Cykelpartner. Although the agreement unites the two online platforms under the same corporate group, both will continue to operate as independent brands in Denmark. The financial details of the deal have not been disclosed.
MEPPEL, The Netherlands - The full extent of the problems in the Dutch e-bike market are becoming increasingly clear with the next insolvency of pure player Amslod founded in 2015. Like Stella E-bike, Amslod started as an online retailer which later opened shops to provide better service, but never became as successful as Stella E-bikes.
HEERENVEEN, The Netherlands - As the market continues to be challenging, liquidity will remain a key focus of the Accell Group, according to a business update of the company published yesterday. With accounts for 2023 finalised with a 10% revenue drop, "recovery is well on track across the business," states CEO Tjeerd Jegen.
QUEBEC, Canada - Long standing bicycle manufacturer Rocky Mountain Bicycles has filed for Chapter 11 status to restructure the company. The company will continue its operations in full during its self-initiated restructuring process under the Companies' Creditors Arrangement Act (CCAA), reports the Canadian new service Cision's Newswire.
WELS, Austria - After motorcycle company KTM AG had to file an application for restructuring proceedings with self-administration at the end of November, its parent company Pierer Mobility AG commissioned Citigroup Global Markets Europe AG on 17 December to reorganise the ownership structure.
ASOLO, Italy - Selle Italia has acquired Vittoria cycling shoes, which has been developing and manufacturing cycling shoes in Italy for almost fifty years, for an undisclosed amount. Giuseppe Bigolin, President of Selle Italia, "As we did in 2016 with Selle San Marco, we are gearing up to expand our range with a company that has always believed in technological development, in style and in the Made in Italy brand. Just like us."
VIENNA, Austria - After a three-month restructuring process a new investor has secured the successful restart of Austrian custom-bike builder, Simplon. SOL Capital Management GmbH announced an undisclosed capital injection by one of its funds securing the future of the bike manufacturer.
BERLIN, Germany - Due to a sales slump and the resulting financial bottleneck Berlin-based (cargo-) LEV manufacturer Onomotion GmbH had to file for insolvency on 26 September. A subsidiary of a corporate group already backing other bike manufacturers, Emoving GmBH, has added the last mile delivery solution provider to its portfolio.
LILLE, France - Decathlon Pulse, the investment arm and start-up studio of retail giant Decathlon, and Rebike, well known in the DACH region (Germany, Austria and Switzerland) for the refurbishment and sale of second-hand e-bikes, have teamed-up through an investment to boost refurbished e-bike sales in Europe.
DHAKA, Bangladesh - Known as a manufacturer of textiles, garments, lingerie and chemicals, Panam Group diversified into the production of bicycles a year ago. The company is keen to expand into newer sectors and found bicycle production and its exports a potential area thanks to the favourable duty structure for Bangladesh-based bicycle exporters to the European Union (EU).
DHAKA, Bangladesh - A growing number of suppliers of bicycles and various components to the European market have recently invested in production in Bangladesh. The country is already home to a few key global bicycle joint ventures. Now other Asian suppliers to Europe are also investing into production facilities considering low cost of production like low labor costs and duty exemptions for exports to Europe.
TAIPEI, Taiwan - The setback in the industry isn't restraining the Taipei Cycle Show in promising growth in the exhibitor count for the 2025 edition. For the next edition of the event, show organiser TAITRA expects to welcome nearly 950 exhibitors from 35 countries spanning more than 3,500 booths.
From March 26-29, 2025, the Taipei Cycle Show will return to the Taipei Nangang Exhibition Center, bringing together key players in the cycling industry. With 950 exhibitors across 3,600 booths, the event promises to showcase the future of innovation and sustainability in the cycling industry.
FRANKFURT, Germany - The delayed improvement in the financial position of leading players in the bicycle industry casts its shadow ahead of Eurobike 2025. The show organisation reports a shift towards more attention for the segments parts and accessories, boutique brands, services and international suppliers.
The Taipei Cycle Show 2025, organized by Taitra, will be held from March 26 to 29 at TaiNEX 1 and 2. With the theme 'Ride the revolution', this premier event aims to unite global innovations and promote sustainable practices within the bicycle industry. As the second-largest bicycle show worldwide, it plays a vital role in shaping the future of cycling.
HEERENVEEN, the Netherlands - Accell Group's chief operating officer (COO) Jonas Nilsson, will become CEO of the group, succeeding Tjeerd Jegen, who is stepping down and will transition to chair of the group's supervisory board. The CEO transition will take place over the coming months, up until 1 April, 2025, with the Chair transition taking place later this year, to allow for a cool-off period in line with good governance practices.
TAICHUNG, Taiwan - Giant Group will start 2025 with a new executive leadership team following the announcement that long-standing chairperson Bonnie Tu will officially retire. The Group's board of directors has approved the appointment of current CEO Young Liu as the new Chairman. The current chief branding officer Phoebe Liu has been promoted to CEO. These changes will take effect January 1, 2025.
COLOGNE, Germany - From the start of next year, Georg Honkomp will hand over his position as chairman of the board of Europe's biggest dealer cooperative, German ZEG, to his successor Fred Schierenbeck.
BRUSSELS, Belgium - Folding bike specialist Ahooga has welcomed Tomi Viiala, former CEO of Stromer, as an advisor to the Board. Known for his instrumental role in transforming Stromer into the global leader in speed pedelecs, Viiala will support Ahooga in advising on driving strategic growth across Europe.
