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Cinelli Supercorsa.

MILAN, Italy (BRAIN) — Asobi Ventures Inc. acquired a majority share of Gruppo Srl, the parent company of bike brand Cinelli and tube manufacturer Columbus. The companies did not disclose transaction terms.

Tagged Mergers, Acquisitions & Investments
Image from the 2019 edition of IAA Mobility.

MUNICH, Germany (BRAIN) — IAA Mobility, a conference planned for September in Munich, has confirmed several new brand participants, including SRAM, Schwalbe, Supernova, ABUS, EVOC and others.

Tagged Electric bike / Tradeshows and conferences / Eurobike
Two German expo companies form joint venture; Frankfurt show to increase focus on urban mobility.
This September will be the last Eurobike planned for the Messe Friedrichshafen.

FRIEDRICHSHAFEN, Germany (BRAIN) — The Eurobike expo will move from its longtime home in this small city on Lake Constance to the major hub of Frankfurt for 2022.

Tagged Tradeshows and conferences / Eurobike

MONTRÉAL (BRAIN) — Starting Sept. 1, Montréal's Arg Sports Inc. will distribute Sidi products in the Canadian market.

Arg Sports will service IBDs and sell direct to consumers and through e-commerce vendors at MAP pricing, the company said.

Tagged Distributor news

FRANKFURT (BRAIN) — Two of the largest e-commerce retailers in the bicycle market, Germany's BIKE24 and the UK's WiggleCRC, will each end up publicly traded soon. 

TAIPEI, Taiwan (BRAIN) — Taiwan's e-bike exports are on track to exceed regular bike exports for the full year, for the first time.

KUALA LUMPUR, Malaysia (BRAIN) — The Malaysia government has ordered a COVID-19 lockdown to continue at least until June 28, extending the closure of bike factories there by at least another two weeks.

Kent Bicycle's factory in Malaysia is also closed.
2007 BRAIN photo by Matt Wiebe.

OSAKA, Japan (BRAIN) — Shimano's factory in Malaysia will be completely closed until at least June 14 due to an official COVID-19 mandate. Since June 1, the factory had been allowed to operate at 60% capacity.

Tagged Supply chain / Coronavirus

CHICAGO (BRAIN) — Germany-based Abus has reached an agreement to acquire Italian helmet manufacturer Maxi Studio S.R.L. Abus and Maxi Studio have worked together since 2016; Maxi Studio manufactures several of ABUS's premier helmet models.

Tagged Mergers, Acquisitions & Investments
No. No, we don't know what it means, either.

CAMBIAGO, Italy (BRAIN) —  A custom-painted Colnago C64 frameset that you can take home and ride and admire will cost you about $6,300.

FRANKFURT, Germany (BRAIN) — Naxicap Partners, a European private equity firm, has reached an agreement to acquire Stromer, the Swiss-based e-bike brand. Details of the agreement were not disclosed. The transaction is subject to customary approvals.

Tagged Electric bike / Mergers, Acquisitions & Investments

LONDON (BRAIN) — Jeff Weiss, a veteran of Dorel Sports, Trek Bicycle and Saris Cycling, is joining India's Hero International as the CEO with responsibility for EU and UK sales. 

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

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
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.

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
Tobias and Annette Hild. SQLab photo.

Boards & More is a leading kiteboarding, windsurfing, wingfoil, and stand-up paddling supplier that also owns Ion, a mountain bike apparel brand. SQLab makes saddles, shoe insoles, grips and handlebars.

Tagged Mergers, Acquisitions & Investments

OSAKA, Japan (BRAIN) — Shimano sales in its bike division were up 76.3% in the first quarter, compared to the same period last year; operating income in the division was up 170%.

Tagged Coronavirus / Earnings/Financial Reports
Tigers Global Logistics Thurrock Center.

SQUAMISH, British Columbia (BRAIN) — 7mesh Cycling Apparel opened a new distribution center in the United Kingdom.

Tagged Distributor news
Simon Richardson.

HENLEY-ON-THE-THAMES, England (BRAIN) — Endura Sales Manager Simon Richardson was killed in a bike accident here on Sunday. He was 58.

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