2011: ZEG's Best Year in History
The biggest dealer cooperative in Europe, the Zweirad Experten Gruppe (Two-Wheel Experts Group) reports that it achieved an all time high turn-over for 2011.
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Richest Man in The Netherlands Takes Stake in Accell Group
One of the richest men in the Netherlands, John Fentener Van Vlissingen, bought a large number of shares of Accell Group NV last week. Through his investment company - Boron Investments NV - Fentener Van Vlissingen acquired a 5.19% stake in Europe's biggest bike company.
Intersport Expands to China
Intersport International Corp. (IIC) is opening 80 to 100 multi-sport/multi-brand stores with a retail surface of 1,000 - 1,500 square meters in South China. The company with a retail turnover of 10 billion euro and more than 5,300 associated retailers in 40 countries, signed a franchise agreement with Fujian New Huadu Supercenter Co. Ltd.
Mifa Acquires Majority Stake in e-Bike Maker Grace
Just weeks after private investor Carsten Maschmeyer acquired a majority shareholding in the Mitteldeutsche Fahrradwerke AG - better known as Mifa - the German mass-market bike producer announces the take-over of Grace GmbH & Co. KG. The two companies do not...
Taiwan's Bike Export to Europe Booming Again
After a close to 15% drop in the country's bike export to the EU in 2009; Taiwan's deliveries to Europe are now booming again. During the second quarter of this year exports of complete bicycles surged by
Private Equity Firm Forms e-Bike Group
Triginta Capital, a Duesseldorf, Germany based independent private equity partnership, has taken over Masterflex AGs mobility division (apart from the fuel-cell activities). According to a Triginta press release they did not only take over a 51%
Farewell to Andrea Pinarello
The bicycle industry says farewell to Andrea Pinarello this afternoon in the cathedral of Treviso. Last Wednesday the third son of former professional racer and founder of the dynasty of bicycles, Giovanni Pinarello, was struck by
Accell Group Refrains from Making an Offer for Derby Cycle
Accell Group announced that it does not intend to launch a competing offer for Derby Cycle following Pon Holdings public offer for all outstanding shares of Derby Cycle yesterday. According to Rene Takens, CEO of Accell Group: A competing offer would create too little value and would
iPad App for Tour Magazine
The newly founded English Tour Quarterly will sum up the best topics, tests and reports from three print issues of the renowned German road bike magazine Tour in an iPad app. This app, aimed at the international road bike scene, will
Selle Royal and crankbrothers Merge
POZZOLEONE, Italy - Today, Selle Royal S.p.A. and crankbrothers, inc. announce the completed merger of crankbrothers into Selle Royal. This agreement adds crankbrothers
Dorel Seeks To Become Global Force in Bikes
MONTREAL, Canada - At yesterday's annual meeting shareholders were told that Dorel Industries Inc. plans to aggressively develop its bicycle business. The February Cannondale purchase is the first step in the company's goal to become the world's number one
European Low End Market Plunging
DHAKA, Bangladesh - Is it a first sign of the impact of the economic recession on the bike industry? Fact is that bike makers in Bangladesh are feeling the pinch of a rapidly dwindling low end segment of the European bike market. Bangladeshi bicycles have become very popular in recent years in some markets (with the UK in particular) due to their low price of
Dutch Gazelle Increases Bike Production
Gazelle's 2010 models are to the liking of its dealers as they are abundantly (winter) ordered at the recently held dealershows. A sharp increase in order intake is urging the market leader on the Dutch bike market to step up its production in the coming months by
Dutch Euretco Takesover Veloring Germany and Benelux
BREDA, The Netherlands (March 18) - Dutch bike retail organisation Euretco Tweewielers BV has taken over Veloring VDG MbH and Veloring Benelux BV. The Veloring takeover provides Euretco an entry to the German market where Veloring currently operates with about 270 member/dealers. Next to the access to Germany, Euretco is also almost doubling its number
Huffy Reviews Results
MIAMISBURG, US (August 17) - Sporting goods company Huffy Corp. said on Friday it would review accounting entries for the first quarter and also the second quarter of 2004 and file amended financial statements as soon as practicable. Huffy said that it expects to post a loss for the first quarter. In May, Huffy delayed
Hostettler Takes over Villiger Factory
BUTTISHOLZ, Switzerland (July 18) - Although the chapter of the independent bicycle brand Villiger had been closed with the take-over by Trek in 2002, there were still some loose ends to be tied up. One of those being the Villiger premises in Buttisholz, Switzerland. Now former competitor Hostettler AG from Sursee (the Swiss Yamaha importer)
India's Cycle Industry in Turmoil
LUDHIANA, India (Nov 15) - Worker unrest in Ludhiana's bicycle industry has now got some political colour. With the Left Wing parties showing special interest in the city, the battle lines have been drawn. On Thursday, a high-power delegation of industrialists met the city's bureaucrats. ''The Left parties have already announced their intention to contest
Hella Bike Brand Joins Spanninga Group
JOURE, Netherlands (Jan 4) - End of December 2005 the Dutch company Spanninga International BV bought 100% of the shares of the Chinese joint-venture (a wholly owned foreign enterprise, WFOE) that belonged to the automotive parts supplier Hella KGaA Hueck & Co., and the American Reflector manufacturer Sate-Lite Mfg.Co.Ltd. "Adding high-quality products developed with automotive
The Eurobike Fair Awards Design Prize
FRIEDRICHSHAFEN, Germany - The cycle industry already has Eurobike in their agendas - from August 31 - September 3, 2006. The Eurobike Award 2006 is now in its second year and manufacturers have been called on to enter their best innovations. At the International Bicycle Trade Fair the nominated products will be on exhibition at the West Entrance. Messe Chief Executive, Rolf Mohne enthused, Eurobike, as a business and innovation platform, has again topped itself in competence, vibrancy and its entire market image.
Myanmar Opens factories to Private Sector
NAY PYI TAW, Myanmar - The Myanmar government has set 11 factories under the Ministry of Industry, to run with the private sector on the basis of joint ventures as a form of privatization, the official newspaper New Light of Myanmar reported Wednesday. These factories include bicycle factories scattered in Yangon, Mandalay and Kyaukse respectively.