UDINE, Italy - Manufacturer of polymer anti-puncture solutions Tannus has founded a new European organization Tannus International Srl. together with the existing Italian office Tannus Italia Srl. "This direct participation of our parent company is an important phase in the strategic development of our company," explains Riccardo Natali, Co-founder of Tannus International Srl.
MASER, Italy - Sidi Sport S.r.l., was sold by founder Dino Signori to the Milan-based investment holding company, Italmobiliare S.p.A. in 2022. Soon after the takeover of the company specialising in the production of cycling and motorcycling footwear, Davide Rossetti was appointed CEO and that marked the start of a complete overhaul of the company. What is the current status of this iconic brand?
ROME. Italy - The micro mobility market in Italy will have to adjust to a series of restrictions as part of the mandatory new highway code. These include the usage of a helmet, but also a mandatory license plate and insurance. These restraints are a new setback for this highly popular micro mobility product, although Italy is certainly not the first country in Europe which restricts the use of e-scooters.
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."
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.
VICENZA, Italy - Selle Royal has unveiled a new proprietary technology that allows waste materials to be repurposed as padding for bicycle saddles. The Italian saddle manufacturer plans to debut the innovation, named the Stracciatella, on its Lookin and Lookin Evo saddles, in addition to the Essenza saddle for the OEM market.
UPPLANDS VÄSBY, Sweden - With the complete takeover of Swedish suspension specialist Öhlins Racing AB, Italian brake expert Brembo is making the largest acquisition in the company's history, according to its own statements. Öhlins had been part of US automotive supplier Tenneco Inc. since the end of 2018. Subject to the usual regulatory approvals, the takeover, which was announced on 11 October, is expected to be completed by the beginning of 2025.
MISANO ADRIATICO, Italy - The seventh edition of the Italian Bike Festival (IBF) emphasised its position as an international show for the cycling industry in Italy. After Padova, Verona and Milan, the industry has found a new opportunity to present itself at the Misano World Circuit.
LUXEMBOURG, Luxembourg - A freezing order has been executed against an Italian company suspected of a major customs fraud involving the importation of e-bikes from China, the European Public Prosecutor's Office (EPPO) has announced. The company has been accused of evading more than €9.8 million in customs duties. This latest case raises questions about how complex it is to import e-bike components into the EU.
HASTINGS, UK - British bike brand, Whyte Bikes is undergoing a transformation in 2024. With a new CEO at the helm, and a new range of e-MTBs that are garnering awards, the brand is now expanding further into Europe. With a distribution partnership already in place in Germany, Eurobike marked the signing of an agreement with DSB, for launching the brands 2025 collection into the Italian market.
TREVIGLIO, Italy - Bianchi has officially inaugurated its new production plant inside the renovated facility in Treviglo. The new production line boasts a manufacturing capacity of 500 bicycles per shift and was built according to innovative operating logic and productivity processes developed by Bianchi. On hand at the inauguration was new appointed CEO Marco Gentili who takes over the position from Fabrizio Scalzotto.
ZEIST, The Netherlands - Undeniably European e-bike sales took a step back last year. In 7 European countries which have already reported their market statistics for 2023, the total volume decreased by 8%, from 4,555,264 units in 2022 to 4,178713 last year.
SAN VENDEMIANO, Italy - Shortly after the change of FAC Michelin SRL to Miche S.R.L, the company has announced the appointment of Gregory Girard as its new CEO. Former CEO Luigi Michelin led the company for decades, leaving an indelible mark on the history of this traditional Italy company.
PONTEDERA, Italy - The new Ministry of Enterprise and Made in Italy which has been established by the current Italian government, has approved a development contract submitted by the domestic two-wheeler giant Piaggio Group. The contract includes an investment plan of around €112 million for the expansion of production at the Piaggio plant in Pontedera in the province of Pisa, Italy.
CAMBIAGO, Italy - 2023 has been a very good year for Colnago Ernesto & C. S.r.l. looking at the publication of their 2023 financial report. The iconic Italian brand hiked their revenue by 33% to €55.7 million.
BERGAMO, Italy - Trek has closed its Italian subsidiary and incorporated this market within the newly formed Trek South Europe. In a short press release, the American company announced the creation of its fifth major European subsidiary, following GAS (Germany, Austria and Switzerland), BLX (the Netherlands, Belgium, Luxemburg), Nordics and UK+.
SCHRAMBERG, Germany - hGears AG, the European precision e-bike transmission parts and components manufacturer, reports a 16.9% year-on-year decrease of its 2023 consolidated revenue of € 112.5 million. hGears faced an extremely challenging years in its e-bike business.
Subscribers onlyMILAN, Italy - The 2023 bicycle market in Italy closed with a 23% year-on-year decline in sales volume. Italy's bicycle industry association ANCMA reported a distribution of just over 1.3 million bicycles and e-bikes combined, generating a turnover of € 2.6 billion, a decrease of 18% compared to 2022.
