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International

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 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 Tariffs

HELSINKI (BRAIN) — Amer Sports on Thursday confirmed that it's continuing to explore a sale to a Chinese sports company and an Asian private equity firm.

FRIEDRICHSHAFEN, Germany (BRAIN) — Organizers of Eurobike are planning a bike show in Bangkok, Thailand, Oct. 3-5, 2019, they announced Monday.

Tagged Tradeshows and conferences / Eurobike

HELSINKI (BRAIN) — Amer Sports, the owner of Mavic, Enve and other brands, has told its shareholders that Anta Sports Products has made a bid to buy Amer.

Don DiConstanzo

FOUNTAIN VALLEY, Calif. (BRAIN) — In May, more than a month before the Trump administration proposed a 25 percent tariff on China-made e-bikes, Pedego co-founder and CEO Don DiCostanzo went to Vietnam to look for factories to make e-bikes.

Tagged Tariffs / Electric bike

LONDON (BRAIN) — Rapha has cut 15 jobs at its headquarters in the name of reducing redundancy and costs, the company said. The company said sales were up significantly last year but that it now focusing on long-term profitable growth rather than short-term sales.

Takala at Thursday's presentation.

HELSINKI (BRAIN) — Amer Sports CEO Heikki Takala made clear Thursday that the company is considering selling off both its cycling brands, Mavic and Enve. In the most gentle but firm way, Takala said there might be a better owner out there, somewhere, for the brands, both of which he called "iconic."

HELSINKI (BRAIN) — Amer Sports says its Mavic cycling business is "under review" as Amer updates its strategy and looks to focus its portfolio of brands, which includes Salomon, Arc'teryx, Peak Performance, Atomic, Mavic, Enve, Suunto, Wilson and Precor.

Part of Apache Bicycles' 2018 Eurobike display.

COLORADO SPRINGS, Colo. (BRAIN) — Apache Bicycles, a 17-year-old bike brand based in the Czech Republic, is planning some changes to its marketing, which outraged many on social media in recent weeks.

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