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HEERENVEEN, Netherlands (BRAIN) — Accell Group N.V.  said it is considering selling its North American business, Accell North America, or right-sizing it down to a profitable size.

SAN MATEO, Calif. (BRAIN) — GoPro Inc. plans to move most of its U.S.-bound camera production out of China by next summer to mitigate the potential impact of new tariff lists. Production of cameras bound for non-U.S. markets will remain in China.

Tagged Trade/tariffs

LONDON (BRAIN) —The parent company of Rapha has filed an audited financial statement showing an operating loss of nearly 20 million pounds ($25 million) last year. The loss was due to exceptional administrative expenses incurred following the brand's acquisition in 2017; the company's gross profit was nearly 18 million pounds.

HELSINKI (BRAIN) — Private equity investor consortium Mascot Bidco Oy has made a cash offer to purchase all issued and outstanding shares of Amer Sports Corp., currently valued at 4.6 billion euros (about $5.2 billion). This excludes shares held by Amer Sports or its subsidiaries.

 Simmons in his store's repair corner. Photo: Jo Beckendorff

BERLIN (BRAIN) — When Shaun Paul Simmons first came to Germany, in 1997, it wasn't because of bicycles. "I came to Berlin for a girl and will now go back home for a girl," the American said with a laugh.

Camille Hung at Taipei Cycle. Photo: Jo Beckendorff

HO CHI MINH CITY, Vietnam (BRAIN) — Before the start of any U.S. and EU discussions of tariffs on e-bikes out of China, Taiwan frame builder Astro Engineering Co. Ltd. started to increase its aluminum and carbon frame production capacity in Vietnam.

Tagged Trade/tariffs / Electric bike / Taipei Cycle Show

BERGAMO, Italy (BRAIN) — Early Monday morning a group of masked robbers entered the 3T headquarters building here and stole all of the brand's display and demo bikes, including an Exploro frame painted by the late Dario Pegoretti.

AIMERE, Netherlands (BRAIN) — Pon Holdings has purchased 338,121 ordinary shares in Accell Group N.V., giving it a total of 5,332,769 ordinary shares, representing 20 percent of the company's shares. 

LAKE FOREST, Ill. (BRAIN) — Tenneco Inc., a publicly traded U.S. automotive company with annual sales over $9 billion, has agreed to buy Öhlins, a Swedish suspension company that offers some bicycle products in addition to suspension for the motorsports industry.

Tagged Mergers & Acquisitions
Cervelo's display at Interbike in 2017.

AIMERE, Netherlands (BRAIN) — Pon Holdings, the parent company of bike brands including Santa Cruz and Cervélo, is making another bid to acquire a minority stake in Accell Group, the parent company of bike brands including Raleigh, Haibike and Diamondback.

ROTORUA, New Zealand (BRAIN) — Goodyear Bicycle Tires has signed Wide Open as its New Zealand distributor. Rotorua-based Wide Open will execute Goodyear's marketing efforts in its territories.

TAIPEI, Taiwan (BRAIN) — For Taiwan manufacturers, the first nine months of the year is a good news/bad news story.

The average unit price for a conventional bike soared 14.2 percent to $659, with sales topping $1.1 billion.

Tagged Taipei Cycle Show

BEIJING (BRAIN) — Ofo is now ending its dockless ride sharing service in Japan, once considered a key market for the Chinese company. This year the company has stopped operating in markets in the U.S., Germany, Spain, Australia and Israel.

Tagged Bikeshare
Velo’s founder, Stella Yu, thanks several hundred attendees for their support at the company’s 40th anniversary celebration.

TAIPEI, Taiwan (BRAIN) — Taipei Cycle, a key stop on the trade show circuit, opens its doors Wednesday to a wave of uncertainty in the industry.

Tagged Taipei Cycle Show

BEIJING (BRAIN) — Dai Wei, the founder and chief executive of Chinese bike-share giant Ofo, has stepped aside as the company's top legal representative as Ofo faces multiple lawsuits in China. 

Ofo has named Chen Zhengjiang, the head of its hardware supply department, as the new legal representative.

Tagged Bikeshare

OSAKA, Japan (BRAIN) — Shimano says stable weather in Europe and growth in sales sporty e-bikes helped its bike-related sales grow over the first three quarters this year, while operating income in the segment decreased slightly. The company has revised its full-year forecast down in light of currency exchange trends and some product shortages.

Tagged Earnings/Financial Reports

WASHINGTON (BRAIN) — President Donald Trump has ordered the State Department to begin renegotiating the Universal Postal Union treaty, which allows China and other developing countries to ship products to the U.S. at very low rates.

Tagged Trade/tariffs

NORTHAMPTONSHIRE, England (BRAIN) — Set to open in February, the Silverstone Sports Engineering Hub will offer the cycling industry R&D facilities including two wind tunnels, 3D scanning tools for CFD (computational fluid dynamics) modeling, and a robot-equipped "bike efficiency rig."

The Storck headquarters store in Idstein, Germany.

IDSTEIN, Germany (BRAIN) — The high-end German brand Storck Bicycles has opened its consumer direct sales to most international markets, including the U.S., where the brand has about nine dealers but no distributor.

BRUSSELS (BRAIN) — The European Bicycle Manufacturers' Association has withdrawn its request to the European Commission to begin registering the imports of e-bikes into the EU.

Tagged Trade/tariffs

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