SAINT-GEORGES, Canada - Rocky Mountain has vertically integrated the distribution in the Northern European region with the takeover of BikeAction. For more than 30 years BikeAction represented Rocky Mountain. According to BikeAction owner Christoph Goebel, his transition into retirement was the main reason for the take-over.
CHICAGO, USA - The announcement in February to build a new factory in Taiwan confirmed SRAM's commitment to their largest production base. With the investment, SRAM is expanding its capabilities and capacity in Taichung. A week before the opening of the Taipei Cycle Show, SRAM CEO Ken Lousberg elaborates on their choice for Taiwan and his market outlook for the months ahead.
TAICHING, Taiwan - Taiwan's leading bicycle producer Giant Group saw its fiscal 2022 sales jump by a double-digit 12.5% year-on-year to TW$ 92.04 billion (€2.82 billion). However, the impact of rising material and labour costs as well as increased OE-business affected the Group's overall gross margin and operating profit performance.
RHEDA-WIEDENBRÜCK, Germany - Following a "lively bidding process" the German bicycle and e-bike manufacturers Prophete and Cycle Union have been successfully taken-over. No stranger to the bicycle industry, the new owner Singapore-based Dutech Group, is on a path to strategically expand its focus on green technology. The parties have agreed not to disclose the purchase price.
TALINN, Estonia - To strengthen their joint position in the micro-mobility industry, two Estonian companies Ampler and Kõu Mobility Group have signed an investment and share-swap agreement. Kõu Mobility took over 51% of the Ampler share for an undisclosed amount.
ROSSANO VENETO, Italy - To create a viable future for Wilier Triestina, the Italian family-owned business attracted new investments via Pamoja Capital SA in 2020. In an exclusive interview with Bike Europe, Wilier Triestina CEO Andrea Gastaldello elaborates on how this partnership worked out.
BERLIN, Germany - The past fiscal year was "a year of two halves," for German e-commerce retail giant Signa Sports United (SSU). "We were able to meaningfully increase our scale through acquisitions before being affected by the macroeconomic turbulence," explains CEO Stephan Zoll on release of the FY2022 results.
SAALFELD, Germany - After V Frames successfully began mass production of injection-molded carbon composite frames, the major focus is now increasing the performance of the raw materials, including stiffness. A recent development agreement with chemical specialist Lehvoss Group should take the products to the next level.
WAARDENBURG, the Netherlands - GreenMo Group, which leases e-bikes and electric scooters to prominent delivery outlets in the Netherlands, Belgium, Germany, Austria and England has been declared bankrupt. According to the trustee, the company misjudged the growth opportunities.
DEVA, Romania - The announced insolvency of Prophete Group last December immediately raised questions about the impact on the Eurosport DHS SA operation in Romania. Prophete holds 47.5% of the Romanian company. Reason enough for Eurosport DHS CEO Tianqi Yang to issue an official statement on the current situation.
