Industry News

Wisequity V Fund bought Vittoria Group last July. Selle Royal owns Brooks, Crank Brothers, Fizik, and other brands.

POZZOLEONE, Italy (BRAIN) — Selle Royal S.p.A., — which produces and markets saddles and accessories under the Selle Royal, Fizik, Crank Brothers, Brooks and PedalEd brands — has received a major investment from the Wisequity V Fund. The fund has acquired a one-third share in the company.

Tagged Mergers, Acquisitions & Investments
Specialized's union with Redwood Materials generates attention.
Specialized Turbo SC battery.

FORT MYERS, Fla. (BRAIN) — In late March, Ed Benjamin completed a report on e-bike import numbers for 2020. The eCycleElectric senior managing director expected to find 130-150 importers. The number was closer to 400.

Tagged Electric bike / From the Magazine

NEW PALTZ, N.Y. (BRAIN) — Columbus/Gruppo Srl has chosen Metal Guru as the newest distributor of its bicycle frame tubing and carbon forks. Metal Guru is the parent company of the Vicious Cycles custom frame company. 

TAICHUNG, Taiwan (BRAIN) — Giant Group saw sales of NT$20.63 billion ($740 million) in its first quarter, a 54.8% increase over the same period last year. The company's net income grew 170% to NT$1.7 billion with an earnings per share of NT$4.54.

Tagged Earnings/Financial Reports

SAN FRANCISCO (BRAIN) — TSG Consumer Partners, which acquired a share of the hydration brand Nuun in 2017, has agreed to sell it to Nestlé Health Science. Terms of the transaction were not disclosed.

Tagged Mergers, Acquisitions & Investments
Smart Tire also will target road, gravel, and mountain bike applications with the guidance of Felt Bicycles.

CLEVELAND (BRAIN) — The Smart Tire Company announced in March plans to manufacture an airless bike tire in partnership with NASA, and while the space-age tie-in grabbed the headlines initially, it’s Smart Tire’s partnership with micromobility company Spin and Felt Bicycles that might have a more lasting impact.

Tagged From the Magazine

CAPE TOWN, South Africa (BRAIN) — Leatt Corporation reported its best quarter in company history with revenue increasing 71% year-over-year, driven by 109% surge in mountain bike and motocross helmet sales.

Tagged Earnings/Financial Reports
Nate Pearson

RENO, Nev. (BRAIN) — Although it's stayed out of the headlines, TrainerRoad is a perfect example of a company at the intersection of tech and cycling.

OKLAHOMA CITY (BRAIN) — Oklahoma joined a growing list of states to adopt legislation that allows cyclists to treat a stop sign as a yield.

MONTRÉAL (BRAIN) — Dorel Sports revenues were up almost 44% in the first quarter, year-over-year, thanks for demand for bikes from its Cycling Sports Group, Pacific Cycle and Caloi divisions. Profits were up 73% in the quarter over the prior year.

The cover of Van Doren's memoir, published last month.

ANAHEIM, Calif. (BRAIN) — Paul Van Doren, who began selling Vans sneakers at a store in Anaheim, California, in 1966, died Thursday at age 90, the company announced. Vans shoes defined skate style and were the default BMX shoe from the sport's Old School days until today.

The 29er Sensa Fiori Evo SL in three size was among the frames stolen.

ALMELO, Netherlands (BRAIN) — Thieves stole hundreds of components and several carbon fiber mountain bike frames from one of Sensa Bikes' warehouses recently.

OLD FORT, N.C. (BRAIN) — Kitsbow is expanding cycling clothing sizing from XXS to XXXXL and offering a variety of lengths and fits in its made-to-order production facility in Western North Carolina.

Tagged DEI and Sustainability

BOULDER, Colo. (BRAIN) — Driven, a spinoff of CeramicSpeed that is developing a low-friction drivetrain for bikes, reached its $1 million goal for its equity crowdfunding campaign in just two days.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. revenue grew 71% year-over-year in the first quarter buoyed by online sales that jumped 224% in the same period.

Tagged Earnings/Financial Reports

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory on Thursday announced its highest quarterly revenue in company history, driven in part by an 85.5% growth in its bicycle-product division.

Tagged Earnings/Financial Reports
A slide from Vista Outdoor's presentation Thursday.

NEW YORK (BRAIN) — Vista Outdoor's Action Sports group, which includes its bike helmet and accessory brands Bell, Giro, and Blackburn, recorded a 50% revenue growth in the most recent quarter, compared to a year earlier.

Tagged Earnings/Financial Reports

BOULDER, Colo. (BRAIN) — After nearly 15 years in Little Rock, Arkansas, Orbea is moving its U.S. offices and operations to Boulder this month. 

UPDATED with more details

OLDENZAAL, Netherlands (BRAIN) — A. Dugast, a Dutch brand famous for its handmade cyclocross tubular tires, is joining the Vittoria Group, the company announced Tuesday. 

Tagged Mergers, Acquisitions & Investments

WASHINGTON (BRAIN) — Figures released Wednesday show the industry received a surge of parts from overseas in March. Monthly imports of derailleurs, pedals, saddles, and other parts were at their highest level in at least 14 months, in some cases by large margins.

Tagged Supply chain

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