FOSHAN, China - Shihe Electric is the new owner of Ttium Motor Technology, better known in the market as Motinova. Foshan-based Shihe Electric acquired 55% of the shares, effective October 17, as reported by Ttium Motor Technology in a letter to its customers and industry partners.
TACHERTING, Germany - The owner of parts and component brand Syntace and bicycle brand Liteville has filed for insolvency. Syntace GmbH is already working on a restructuring and states that ongoing business operations are fully guaranteed. All orders and inquiries via the online shops will be processed as usual, as well as deliveries to IBDs and the Liteville products spare parts supply chain.
HASTINGS, United Kingdom - British bike brand Whyte Bikes Ltd. has changed private equity hands, from current owner Cairngorm Capital to Causeway Capital. The acquisition sees 100% ownership of Whyte transferred to Dublin-based Causeway Capital. The brand sees the move as a major step toward developing international growth.
BRUSSELS, Belgium - The merger of Cycling Industries Europe (CIE) and CONEBI has come one step closer, with the members of CIE endorsing a change to the association's statutes. The decision taken at the CIE general assembly this week reflects a shared commitment by both organisations to strengthen the industry's collective voice, enhance policy influence and ensure that cycling remains at the heart of Europe's green, digital and industrial transitions.
VIENNA, Austria - "It's not a helmet, it's an airbag." That's the tagline for the Hövding 4, the new debut model for the Swedish brand now owned by the Austrian iSi Group. The latest wearable airbag design has been hyped as a complete reboot from previous models, the last of which came under fire for safety concerns.
RODGAU, Germany - The new owner of Rocky Mountain Bicycles, Chaos Sports Inc., is pushing forward in the European market. With the takeover of long-standing distributor BikeAction GmbH, which serves Germany, Austria, the Benelux, Slovakia, the Czech Republic, and Slovenia, the Canadians are reaffirming their strong commitment to Europe.
