LOUISVILLE, Colo. (BRAIN) — Wheels Manufacturing has opened a new office in the Netherlands for warehousing, sales and distribution of its line of bottom brackets, derailleur hangers, shop tools and other service parts to distributors throughout continental Europe.
TAICHUNG, Taiwan (BRAIN) — Continued turmoil in the global bicycle market has pummeled Giant Manufacturing’s first-half financial results, with the world’s leading maker of bicycles posting a 3.7 percent drop in revenue compared with a year earlier.
MORGAN HILL, Calif. (BRAIN) — World Champion Peter Sagan will continue racing on a Specialized as he moves to the German team BORA–hansgrohe for 2017.
HELSINKI (BRAIN) — Amer Sports' cycling segment grew 20 percent in the second quarter this year thanks to the addition of Enve sales, which joined Mavic in the segment.
SANTEE, Calif. (BRAIN) — Ciclista America, the U.S. distributor for Sidi shoes, is introducing the Italian bike helmet line, Suomy, to the U.S. market this fall.
EDEWECHT, Germany (BRAIN) — The German distributor Sport Import is investing in the two-year-old carbon wheel company Knight Composites, and will distribute the brand throughout continental Europe.
OSAKA, Japan (BRAIN) — Shimano saw a steep decline in sales and profits in its bike segment in the first half, pointing to bad weather, the Brexit vote, terrorist attacks in Europe, and high distributor bicycle inventory in North America as contributors.
MILAN (BRAIN) — Luxottica Group's first half profits fell and the company has pulled back on its forecasts for the remainder of the year.
HEERENVEEN, Netherlands (BRAIN) — Accell Group is reporting record revenues and profits in the first half of the year, despite a sales slump in North America.
BERNE, Switzerland (BRAIN) — Zwift, the online indoor riding platform, is working with the Team Dimension Data pro road cycling squad on a promotion intended to send 5,000 Buffalo Bikes to villages in South Africa.
MALLABIA, Spain (BRAIN) — Orbea said it is skipping this year's Eurobike show, and will instead conduct several events with its European dealers and distributors. The company calls its new approach "Closer to You."
CINCINNATI (BRAIN) — Steadyrack of Perth Australia has named Epic International as its U.S. retail sales and marketing agent for its Steadyrack bike storage products.
SPEARFISH, S.D. (BRAIN) — SRAM has taken over a Kickstarter-supported project to manufacture an electronic suspension control device developed by a Perth, Australia company, Dusty Dynamics.
BIEL, Switzerland (BRAIN) — DT Swiss AG has added a new building at its facility in Poland to increase production capacity and after-sales service.
TEMECULA, Calif. (BRAIN) — Intense Cycles has launched a new European division in Barcelona, Spain, that will house inventory and service supporting the majority of the continent. The Southern California-based mountain bike brand will continue to work with distributors in select European territories.
VALLEJO, Calif. (BRAIN) — Wren Sports, LLC has appointed Llevant Carbon Fatbikes as its New Zealand distributor and authorized service center. Llevant is also using Wren's suspension forks on its fat bikes.
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.
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.
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.