Industry News

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products' new 3P Select program allows its bike shop customers to sell Whisky Parts Co. products on Amazon and eBay. The program makes Whisky the first QBP house brand that dealers will be allowed to sell through third-party online platforms. 

PORTLAND, Ore. (BRAIN) — Custom wheel building company Sugar Wheel Works is joining forces with custom bike builders Breadwinner Cycles. The companies are based blocks from each other in Portland.

Tagged Mergers & Acquisitions

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Outdoor Retailer will be looking to sell space to bike industry brands at its show in Denver this November. Outdoor Retailer is owned by Emerald Expositions, the owner of Interbike, which announced in December that it was canceling its 2019 show.

Tagged Tradeshows and conferences / Interbike

DENVER (BRAIN) — Denver-based Fly Pedals, which makes a platform conversion for clipless pedals, has been purchased by an investor who is looking to acquire other cycling accessory brands. Terms of the deal were not disclosed.

Tagged Mergers & Acquisitions

SQUAMISH, British Columbia (BRAIN) — Canada-based mountain bike website Pinkbike has acquired the road cycling website CyclingTips.com from BikeExchange.

Pinkbike, founded by Radek Burkat in 1998, claims more than 3 million unique visitors every month.

Tagged Mergers & Acquisitions / Media/Publishing

KENT, Wash. (BRAIN) — Accell Group N.V. on Friday announced global revenues were up 2.4 percent, but its North American business reported a 36 percent decline in revenue for the year.

Tagged Earnings/Financial Reports

NEW YORK (BRAIN) — Hammerhead, which launched the Android-based Karoo GPS bike computer last year, has closed on a a $4.1 million "Seed Plus" funding round. The investment was led by Primary Venture Partners and KB Partners.

Tagged Mergers & Acquisitions

TAIPEI, Taiwan (BRAIN) — Bryton, a Taiwan-based GPS cycle computer brand, has hired industry veteran Thomas Prehn to help build the brand in North America.

MILWAUKEE (BRAIN) — Harley-Davidson Inc. has acquired StaCyc Inc., a producer of electric balance bikes for kids. 

Tagged Electric bike / Mergers & Acquisitions
Photo of Cunningham copyright Wende Cragg, Rolling Dinosaur Archive.

FAIRFAX, Calif. (BRAIN) — On Saturday, March 23 the Marin Museum of Bicycling will host a benefit to support mountain bike pioneer Charlie Cunningham. Cunningham had a tumble from his bike in 2016 and remains in treatment for severe complications suffered during his recovery. 

NEW YORK (BRAIN) — Erik Buell, one of the best known names in motorcycle technology, is launching a new brand that will offer an e-bike and electric motorcycle as its first products. 

Tagged Electric bike

LEVIS, Québec (BRAIN) — HLC has named new directors of sales and marketing for the U.S. and Canada. The distributor, previously called Hawley-Lambert, said it is working to establish a more "country-specific" focus.

Tagged Distributor news

LOUISVILLE, Colo. (BRAIN) — The Flagg family, which owns SmartEtailing and is led by QBP founder Steve Flagg and his wife, Mary Henrickson, has purchased Wheels Manufacturing, a U.S. manufacturer of service and repair parts.

Tagged Distributor news / Mergers & Acquisitions

CHEYENNE, Wyo. (BRAIN) — On Tuesday afternoon, Wyoming Gov. Mark Gordon signed legislation that recognizes electric bikes as bicycles and enables e-bike riders to enjoy the same paths and trails as other bicycle riders in Wyoming.

Tagged Electric bike / Advocacy/Non-profits

BROOKLYN, N.Y. (BRAIN) — You can't buy one (not a new one, anyway), but New Belgium Brewery's cruisers are some of the most popular and visible bikes in the country. 

WASHINGTON (BRAIN) — Legislation that would permanently fund the Land and Water Conservation Fund and protect national parks from nearby mining, among other thing, has passed the U.S. House and Senate and is expected to be signed by President Donald Trump.

Was it you?

BOULDER, Colo. (BRAIN) — On occasion, industry data gets so granular — or so small — that you can speculate about the identity of the companies and retailers behind the numbers. For example, in January, one U.S. wholesaler sold one 26-inch dual suspension mountain bike to a customer, for $499 wholesale.

For the first time in several years, bike-related sales accounted for less than half of the company's revenues in 2018.

BRASELTON, Ga. (BRAIN) — Sales in Fox Factory's Specialty Sports Group — which comprises the company's bicycle brands: Fox and Marzocchi suspension, RaceFace and Easton Cycling — grew 14.9 percent last year, to $282 million, according to an earnings report Tuesday.

Tagged Earnings/Financial Reports

TWITTERVERSE (BRAIN) — According to tweets sent out from the account of President Donald Trump on Sunday, the U.S. will delay an increase in tariff rates on Chinese goods, initially set to happen on March 1.

Tagged Tariffs
Company expects Tacx acquisition to boost fitness sales in 2019.

OLATHE, Kan. (BRAIN) — Garmin Ltd. on Wednesday reported a 4 percent jump in fourth-quarter revenue, to $932 million, as the company's aviation, marine, outdoor and fitness businesses grew a collective 13 percent compared with a year earlier. Revenue for the full year rose 7 percent to $3.35 billion.

Tagged Earnings/Financial Reports

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