FRIEDRICHSHAFEN, Germany (14 July 2000) - Rolf Mohne, currently project manager at the Eurobike, OutDoor and Interboat, will become general manager of Messe Friedrichshafen in April 2001. At this time Messe Friedrichshafen has two general managers, but due to an illness Udo Haupt will leave his position in a few months and Ernst Haller will
ATLANTA, USA - High-end bicycle pedal expert Speedplay has been taken-over by fitness equipment specialist Wahoo Fitness. "The Speedplay product range is complementary to our increasing line-up of high-quality indoor- and outdoor-cycling products," announced Wahoo. The purchase price remains undisclosed.
ALMERE, the Netherlands - He used to visit every main bicycle trade show in the world and for decades never missed out on Taipei Cycle, China Cycle and Eurobike. He was also at many (international) meetings, informal gatherings and industry parties. And was frequently the last to leave as he was always interested in people, companies and the business in general. After 50 years Ger Leeseman has announced to step down as CEO of Dutch importer and distributor Buzaglo.
HELSINKI, Finland - In 2016 sporting goods conglomerate Amer Sports's cycling sales reached a total of € 150.2 million. Compared to 2015 this accounts for an 8% increase. This turnover growth is however only caused by the takeover of Enve Composites LLC.
REICHSHOF, Germany - Last spring the Bohle Group celebrated the production start of its new Vietnam facility. Together with its Korean partner Bohle built the new factory as demand for its Schwalbe tyres grew year on year. But the production plant in Vietnam brings more than only the needed extra delivery capability.
OSAKA, Japan - Shimano booked a 17.4% drop in net sales made with bike products in 2016 compared to 2015. This is in the company's 2016 financial report which was published last Tuesday. Despite the drop in sales Shimano made 'vigorous investments' in its manufacturing capabilities in Japan as well as overseas.
ULFT, the Netherlands - Kross S.A. is acting fast after its last week's announcement on the takeover of bankrupted Dutch Multicycle. The Polish bike maker has appointed a Managing Director who is restarting in particular the e-bike production at the Dutch bike maker with 12 of the former 65 employees.
TAICHUNG, Taiwan - Giant had a difficult 2016 with a cumulative revenue decline of 5.57% to USD 1.87 billion (€ 1.74bn) from the previous year. Although sales from e-bikes, mainly in Europe, soared 50% year-on-year in 2016 Taiwan's biggest manufacturer remains cautious about future revenue in this product category.
PARIS, France - With NEoT Capital (stands for 'new energy of things') several international players from the energy sector created an investment fund. It will concentrate solely on the large-scale funding for supporting the global development of energy storage technologies - and batteries in particular.
SANGERHAUSEN, Germany - The family Puello is named in the German media as the possible new owners of the troubled bicycle factory MIFA. Media reports state that "the Puello family and Deutsche Post are currently discussing the MIFA take-over with administrator Lucas Flöther." Officially Susanne Puello and her husband Felix (former Winora Group managers) are not involved in the take-over talks.
MONTRÉAL, QUEBEC -- Dorel Industries released their first quarter results for 2017, with adjusted net income for the quarter up 15.4%. However, historically low inventory levels, North America's long winter, and the fact that the Easter holiday sales occurred in April (second quarter 2017) combined to leave the company's Cycling Sports Group (CSG) segment with an organic revenue decline of 9.9%.
BEVERWIJK, the Netherlands - Optima Cycles based in Beverwijk (the Netherlands) has taken over the Dutch ID brand from Flyer e-bike importer Amazing Wheels. The sale of Optima Cycles follows after Amazing Wheels was acquired by Biketec, the producer of Flyer e-bikes.
SANGERHAUSEN, Germany - Bike maker MIFA announces today that it has entered into a sales partnership with Taiwan based Darfon Electronics, maker of Votani and BESV branded e-bikes.
RAIPURA, India - TI Cycles of India inaugurated its fourth green field facility in district Rajpura in the North Indian state of Punjab. The state-of-the-art plant has the capacity to produce 3 million units annually and is the largest among the four bike production units of TI Cycles.
TAICHUNG, Taiwan - In close cooperation with a local partner, Taiwanese component manufacturer Joy Tec has developed a fully automated carbon rim production. "The robotized manufacturing has many advantages over manual production," explained Jeff Chen of Joy Tech.
BIRMINGHAM, UK - Two of the UK's oldest bike names, Claud Butler and Dawes, are to merge under the name Tandem Group Cycles, was announced recently. This news comes only one month after it was made public that parent company Tandem Group plc had made staff redundant, a company statement saying the lay-offs were due to, "a challenging environment....exacerbated by the weakness in sterling following the outcome of the Brexit."
RIETHEIM-WEILHEIM, Germany - German Marquardt Group - a leading international manufacturer of electronic and electromechanical components and systems - has announced to takeover Kristronics GmbH. The takeover is officially effective January 1, 2017.
TAICHUNG, Taiwan - Giant Manufacturing Company Ltd saw its total revenues drop by 6.5% in the first nine months of 2016. Total turnover amounted TWD 44.23 billion (€ 1,3bn). The company's operating income (EBIT) was down big; with 19.9% to TWD 2.4 billion (€ 70.2 mn) compared to the 3 quarters of 2015.
AMSTERDAM, the Netherlands - When considering Holland as the e-bike model country for the European bicycle sector, then something big is in the waiting. Last year the sale of electric bicycles, eMTBs and speed e-bikes reached a milestone and broke all turnover records in the Netherlands.
COLOGNE, Germany - Following the acquisition of the Kettler bicycle division in November 2015, new owner ZEG has announced the termination of the cooperation with the Kettler sales companies in Belgium, the Netherlands, Luxemburg, Austria and Poland.
