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International

Posted July 5, 2016

STOCKHOLM (BRAIN) — Thule Group has acquired the Dutch company GMG B.V., a child bike seat brand that sells in the Benelux market.

GMG B.V. had sales of 6.1 million euros ($6.8 million) in 2015, mostly under the brand Yepp.

Posted in International
Posted July 1, 2016

ANTWERP, Belgium (BRAIN) — Shimano Europe has agreed to acquire Lazer Sport NV, the Belgian helmet brand.

The companies agreed to the deal on Thursday. After clearance from authorities, the acquisition is expected to close in the second half of this year, Shimano said.

Posted in International Tagged Mergers & Acquisitions
Posted June 30, 2016

NEVERS, France (BRAIN) — Activa Capital, a mid-market private equity firm, has taken a majority stake in Look Cycle, alongside the brand's existing owners, Dominique Bergin and Thierry Fournier.

Posted in International
Posted June 30, 2016

LONDON (BRAIN) — UK antitrust authorities have approved the proposed merger of Wiggle and Chain Reaction Cycles, and the two companies are expected to complete the merger soon.

The UK Competition and Markets Authority approved the proposed merger on Thursday. 

Posted in International
Posted June 29, 2016
Australia-based online marketplace moves up to title position prior to Tour de France.

IRVINE, Calif. (BRAIN) — BikeExchange, an online marketplace based in Australia and recently expanding internationally, has become a co-title sponsor of the newly named Orica-BikeExchange team, previously known as Orica-GreenEdge.

Posted in International Tagged Racing & Sponsorship
Posted June 20, 2016

MADRID (BRAIN) — Rotor Bike Components has named Gin Huat Cycle Trading as its distributor in Malaysia and Singapore. Established in 1985, Gin Huat is the official distributor of cycling brands including Fuji, Intense, Fox, Maxxis, CatEye and others. 

Posted in International
Posted June 17, 2016
FE Sports will also paint Ridley frames for the Australasian market.

PAAL-BERINGEN, Belgium (BRAIN) — FE Sports of Brisbane, Australia has established Ridley Australasia, the official sales, distribution and finishing partner of Ridley Bikes in Australia and New Zealand. FE Sports will both distribute and paint Ridley Bikes in Australia for the two markets.

Posted in International
Posted June 16, 2016

HELSINKI (BRAIN) — Amer Sports has hired Sebastian Lund as its new chief HR officer and member of the company's executive board. Lund, who joins Amer Sports after a 20-year career at Procter & Gamble in the United States and Europe, replaces Terhi Heikkinen, who is leaving the company at the end of August.

Posted in International Tagged People
Posted June 16, 2016

SAUSALITO, Calif. (BRAIN) — OutsidePR has made two new additions to its team. Harry Benyon will be joining as an account manager, coming from London, England, where he gained experience working for brands in the European outdoor industry.

Posted in International
Posted June 14, 2016

SANDY, Utah (BRAIN) — Reynolds Cycling has promoted Travis Erwin, its current European general manager, to director of global sales. Erwin, who has been based in the Netherlands, will relocate to Reynolds headquarters near Salt Lake City for the role.

Posted in International Tagged People
Posted June 3, 2016

BREMBATE, Italy (BRAIN) — Italty's 3T Cycling Srl will acquire THM Carbones GmbH, a high-end carbon components brand based in Germany. The companies said the acquisition will be completed in August.

Posted in International Tagged Mergers & Acquisitions
Posted June 2, 2016
The Slovenian tool brand now supplies four UCI WorldTour teams.

LONDON (BRAIN) — Unior Bike Tools is now the official partner of four UCI WorldTour teams: Etixx-Quick Step, Movistar,  Trek– Segafredo and, now, Team Sky. Mechanics from these teams use Unior tools and are involved in the development of new and improved products.

Posted in International Tagged Racing & Sponsorship
Posted June 2, 2016
CPA will meet with the UCI on Friday to discuss the issue.

ESTAVAYER-LE-LAC, Switzerland (BRAIN) — The pro road racers' association said it will have to see some changes to disc road brakes before it would agree to further testing of the brakes in the pro peloton.

Posted in International Tagged Racing & Sponsorship
Posted May 24, 2016

STOCKHOLM (BRAIN) — POC has extended its sponsorship of Scottish mountain biker Danny MacAskill by another three years, through 2019.

POC has been working with MacAskill since 2009.  

Posted in International
Posted May 23, 2016

VALLEJO, Calif. (BRAIN) — Wren Sports, LLC  has appointed Cranknuts as its European fork distributor and service center.

Posted in International
Posted May 16, 2016

CAPE TOWN, South Africa (BRAIN) — Protective gear maker Leatt Corp. said its revenue increased 20 percent in the first quarter, to $4.8 million, up from $4 million in the same period last year. 

Posted in International Tagged Earnings/Financial Reports
Posted May 13, 2016

SAN FRANCISCO (BRAIN) — Strava users recorded 79,879 bike commute trips on Tuesday, which the company declared its first Global Bike to Work Day.

Posted in International
Posted May 12, 2016

TAICHUNG, Taiwan (BRAIN)—Giant executives are forecasting a generally flat year of growth in Europe and caution that sales in the U.S. could be hampered by excess inventory.

Posted in International Tagged Earnings/Financial Reports
Posted May 6, 2016

TAICHUNG, Taiwan (BRAIN) — Vision has opened a new carbon wheel factory in Taichung that the aero component maker expects to double its production capacity while also improving quality.

Posted in International
Posted May 2, 2016

STOCKHOLM (BRAIN) — Thule Group saw sales growth of 6 percent in the first quarter, reporting its strongest sales in Europe. The company introduced new products in several categories in the quarter and announced a reorganization of its North American distribution structure.

Posted in International Tagged Earnings/Financial Reports

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