Robert Bosch GmbH will transfer the German operations of its Mobility business sector, which includes all activities for the car and bicycle industries, into a separate, wholly owned subsidiary from 1 August 2027.
Swedish helmet safety specialist Mips AB posted a 59% surge in Q3 net sales to SEK 215 million (EUR 19.3 million), driven by a twelfth consecutive quarter of growth in its cycling division.
Pon.Bike-owned Cannondale is moving its global headquarters from Wilton, Connecticut, to Woudenberg in the Netherlands. The Wilton office will wind down by mid-2027, with global functions brought together in Woudenberg and in Freiburg, Germany, where R&D and engineering are already based.
Mike Dennison steps down with immediate effect because of expected low third quarter results. Full year net sales were first estimated to be 1.42 billion to USD 1.47 billion (EUR 1.27 billion to EUR 1.31 billion).
British children's bike brand Early Rider has appointed Mario Herbold as chief operating officer and Janine Bessen as head of global e-commerce. The executive hires come in the company's 20th anniversary year and are intended to support the expansion of its international retail network.
Finnish bicycle manufacturer Helkama Velox Oy has acquired the bicycle brand rights and the Turku warehouse of bankrupt compatriot Tunturi Oy Ltd., the former Finnish subsidiary of Accell Group
