Industry News

HELSINKI (BRAIN) — Amer Sports Corporation, the former owner of Mavic and current owner of Enve Composites and other brands, has asked for its stock to be delisted from the Nasdaq Helsinki stock exchange. Mascot Bidco Oy, a group led by Chinese sports brand Anta, has acquired all shares of Amer in a buyout that was initiated last September.

ZURICH (BRAIN) — Accell Group has sold Protanium, a pedelec development brand, and Diavelo, an associated pedelec bike brand, to a new Swiss company headed by pedelec entrepreneur Karin Vogelsanger. 

Tagged Electric bike / Mergers & Acquisitions
Rad Power's retail showroom in Seattle. Courtesy photo.

NEW YORK (BRAIN) — Three bike industry brands — two of them in the e-bike market and the other in the youth bike space — have made Inc. magazine's annual list of the 5,000 fastest growing private companies.

Tagged Electric bike
Altor Locks' SAF is 80mm in diameter and weighs 13.7 pounds.

STERLING, Va. (BRAIN) — With battery-powered grinders becoming a favorite tool among bike thieves, Altor Locks has developed its own cutting-edge technology.

"Filling the parking spots."

SQUAMISH, British Columbia (BRAIN) — 7Mesh was founded by a crew with years of experience in the technical outdoor apparel market, so a technical cycling rain jacket was a natural centerpiece of its first seasons.

But its founders always had bigger plans for the brand.

CARLSBAD, Calif. (BRAIN) — SockGuy's summer "promo" sock supports the Yellow Umbrella movement in Hong Kong.

Balance bikes get reprieve until Dec. 15, however.
Requisite stock photo of ship. Photo by kinsey on Unsplash.

WASHINGTON (BRAIN) — While President Donald Trump announced Tuesday that his administration will delay some tariffs on Chinese imports until Dec. 15, most bicycle products remain on a list subject to increased tariffs Sept. 1. 

Tagged Tariffs

LITTLE ROCK, Ark. (BRAIN) — Tony Karklins and HIA Velo have settled the lawsuit Karklins had filed against the company last fall. 

Giant's stock performance over a three-month period. Yahoo Finance.

TAICHUNG, Taiwan (BRAIN) — Giant Manufacturing Co. LTD enjoyed a 5.3% increase in first half revenue driven by growing demand for e-bikes in Europe as well as favorable exchange rates. Recovering sales in China also helped boost revenue. Giant reported its first half numbers Wednesday.

Tagged Earnings/Financial Reports
Power meter brand sells exclusively consumer direct in Europe.

VANCOUVER, British Columbia (BRAIN) — Power2Max, which has been offering a crank spider-based power meter since 2011, is one of the best known power meter brands in Europe but has considerably smaller visibility in North America.

Rad Power Bikes will provide an e-bike fleet to Domino's.

SEATTLE (BRAIN) — Rad Power Bikes will provide e-bikes exclusively to Domino’s pizza franchises later this year, according to an agreement announced Tuesday.

Tagged Electric bike
StatCap P1 debuted in June.

TUCSON, Ariz. (BRAIN) — After those first few pedal strokes, tire pressure becomes an afterthought for most cyclists. An undetected slow leak can change that in a hurry. 

It did for Kurt Stillman.

Parent company has grown 70%, added US workers
Trump with ABG CEO Peter Hurley. White House photo.

CHATTANOOGA, Tenn. (BRAIN) — American Bicycle Group — which said it has grown 70% in recent years and added 18 new jobs at its facility here — was honored at a White House "Made in America Product Showcase" in mid-July.

A$AP Ferg and Redline teamed up for a bike and merchandise line.

NEW YORK (BRAIN) — Accell North America is bringing fresh blood to two of its legacy brands, Redline and Raleigh, through collaborations with celebrity artists and designers.

Weapons of mass rotation

 YUCAIPA, Calif. (BRAIN) — While the number of agencies using e-bikes is unknown, a police bicycle safety group said their adoption is "growing rapidly," further fueling the e-bike market.

Tagged Electric bike

CAPE TOWN, South Africa (BRAIN) — Leatt Corp. revenues increased 10% in the second quarter over the same period last year.

Tagged Earnings/Financial Reports
CEO says impact from REI's decision to resume purchases will take time to appear.
Vista Outdoor's Action Sports division includes its bike accessory brands.

NEW YORK (BRAIN) — Vista Outdoor says sales in its Action Sports division, which includes Bell, Giro, and Blackburn, were strong in the specialty channel in its Q1, but sales in the mass market channel were soft.

Tagged Earnings/Financial Reports
Regent will partner with Accell to distribute Raleigh, Haibike and Ghost in the U.S. for two years.

HEERENVEEN, the Netherlands (BRAIN) — Accell Group N.V. has agreed to sell its U.S. business, including the worldwide registrations for Diamondback, Redline and IZIP, to Regent LP, the California investment firm that bought Mavic earlier this year.

Company hints it could return to components market.
The Salomon/Mavic facility in Annecy. Photo from 2018 Amer press release.

ANNECY, France (BRAIN) — Mavic is enjoying a new freedom following its sale to a U.S. investment group.

WASHINGTON (BRAIN) — Call it the battle of the emails in the war over e-bike access on non-motorized public lands.

Tagged Electric bike

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