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Pierer New Mobility is scaling back its activities in the e-bike business. - Photo Pierer New Mobility

Ailing Pierer New Mobility AG streamlines bicycle and e-bike business

MATTIGHOFEN, Austria - The financial struggle at the motorcycle division of Pierer Mobility AG could not take place without having an impact on the e-bike department. The company has now announced that its regional activities in South Africa, Germany and the UK will gradually be wound down in a controlled manner.

On site for the symbolic handover of the keys (from left to right): Adrian Zellner, member of the management board Garbe Industrial Real Estate, Heiko Burret, Investment management JobRad, Dr. Nela Murauer, managing director at Bravobike and Steffen Kunnig, Mayor of the municipality of Kabelsketal. – Photo Garbe Industrial Real Estate.JPG

Second-hand / Refurbishedyesterday

JobRad subsidiary Bravobike expands as ex-lease market grows

FREIBURG, Germany - Bravobike GmbH, the subsidiary of leasing pioneer JobRad has signed an agreement with Garbe Industrial Real Estate GmbH, which claims to be a "specialist for logistics real estate and light industry in Germany and Europe." The agreement will see Bravobike make use of a 23,500 sqm property in Kabelsketal, Germany to accommodate the strong growth in the number of ex-lease bicycles that will become available for the second-hand market in the coming years.

Founded in 2002, Bike24 has evolved from a specialised online retailer in the cycling sector to a leading e-commerce platform in continental Europe with a focus on the premium segment. – Photo Bike24

Financial17 Jan 25

Bike24 adjusts 2024 sales forecast downwards

DRESDEN, Germany - The Management Board of online bicycle retailer Bike24 Holding AG has adjusted its revenue forecast for the 2024 financial year downwards. At the same time, the company confirms its previous forecast for the adjusted EBITDA margin "based on the indicative results for the fourth quarter of 2024".

The team of Biketec, a spin-off from Flyer that is also owned by ZEG will stay on at the location in Switzerland as Flyer production moves to Germany. – Photo Biketec

Locations14 Jan 25

Kettler plant to deliver Flyers by February, Biketec survives Swiss...

HUTTWIL, Switzerland - As predicted, Flyer production is being relocated to ZEG's Kettler factory in Germany. Only a skeleton team for Swiss dealer support will remain at the Swiss site in Huttwil. They will remain alongside sister company Biketec GmbH with its connectivity solution FIT which has not been affected by the exodus, but only after intense negotiations.

One of the customers hit by Sprick’s insolvency is Woom who’s bikes are made in a dedicated factory in Poland. – Photo Woom

Insolvency & Chapter 1114 Jan 25

Sprick Cycle the next big name on the list of insolvencies

GÜTERSLOH, Germany - Another well-known traditional company in the German bicycle industry is facing financial difficulties that can't be solved by themselves anymore. Both Sprick Cycle GmbH and its parent company Sprick Holding GmbH filed for provisional insolvency on 27 December, according to an announcement of the insolvency court.

Exhibiting at Ispo Munich: Lemmo Head of Bike Victor Gao (left) and Lemmo CIO and co-founder Frank Aldorf. – Photo Jo Beckendorff

E-bike9 Jan 25

Urban e-mobility brand Lemmo debuts at Ispo Munich

BERLIN, Germany - Young urban e-bike mobility brand Lemmo, which was launched by Hypaths GmbH, celebrated its exhibition debut on the sporting goods show Ispo Munich 2024. In a small space at the Ispo BrandNew Hub in Hall B2, the newcomer put the spotlight on what it claims is a newly defined product in the city bike category.