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FRANKFURT (BRAIN) — Brooklyn Bicycle Co. announced at Eurobike Wednesday that Ikandomore ApS, a Danish distribution company, will distribute Brooklyn bikes and accessories to independent bike shops across Europe. At Eurobike, Ikandomore is offering Brooklyn bikes for pre-order for spring 2023 shipment.

Tagged Distributor news / Eurobike

TAIPEI (BRAIN) — Taiwan exported nearly $2 billion worth of bikes, e-bikes and bike components in the first four months this year, up 28% from the same period last year.

Tagged Eurobike
The Black Rocks E is among the Forme models stolen.

DERBY, United Kingdom (BRAIN) — Forme Bikes reported the theft of e-bikes from a supplier while in transit between its headquarters here and its Italian assembly plant on Friday.

TREVIGLIO, Italy (BRAIN) — Bianchi announced Thursday that it will directly distribute in Scandinavia beginning Friday.

Announcing it as "a new phase of the company's growth plan," it will control distribution in Sweden, Denmark, Finland, and Norway.

Tagged Distributor news

HEERENVEEN, Netherlands (BRAIN) — A consortium headed by investment firm KKR has acquired 96.9% of Accell Group shares during the post acceptance period that ended Thursday.

HEERENVEEN, Netherlands (BRAIN) — A consortium planning to acquire Accell Group and take it private has said it will move forward with the offer despite not reaching a threshold of 80% of shares committed to the buyout.

Tagged Mergers, Acquisitions & Investments

BERLIN (BRAIN) — E-commerce retailer Signa Sports United announced a collaboration with third-party logistics company Rhenus Warehousing Solutions and the opening of a 215,278-square-foot parts warehouse.

HEERENVEEN, Netherlands (BRAIN) — A consortium's bid for Accell Group has failed, at least temporarily. 

BERLIN (BRAIN) — E-commerce retailer Signa Sports United reported its first quarterly results that included numbers from WiggleCRC and Tennis Express, which it acquired in December. Quarterly sales were up 48% to 269 million euros ($288 million).

Tagged Earnings/Financial Reports
Photo courtesy of Alpha Bikes.

MUNICH (BRAIN) — Alpha Bikes, which has operated a Specialized concept store here since 2008, is switching to Giant bikes at the store in July. The retailer said Specialized's new consumer-direct strategy led to the change.

Separately, Tribike Transport is suing BikeExchange-owned Kitzuma in North Carolina.

SYDNEY (BRAIN) —  The Australian stock exchange has stopped trading BikeExchange’s stock at the company’s request. According to the stock exchange, the company requested the trading halt because of an expected announcement of “a material capital raising.”

MILAN (BRAIN) — Asobi Ventures, an Austin, Texas, group that acquired a majority share in Gruppo Srl in 2021, has acquired the remaining shares. Gruppo Srl is the parent of Cinelli and Columbus.

Tagged Mergers, Acquisitions & Investments

FELIXSTOWE, England (BRAIN) — Merida Bikes reported the theft of 133 bikes on Thursday from a container at a Southampton port that was on its way to its logistics facility here.

SCHLITTERS, Austria (BRAIN) — E-bike brand Nox Cycles officially opened its new headquarters in the Austrian Alps on Friday, combining production, administration, warehouse, showroom, and an in-house demo center.

The cost of the facility was 3 million euros ($3.1 million).

Tagged Electric bike

TAIPEI, Taiwan (BRAIN) — Giant Group revenues in the first quarter was NT$22.26 billion ($746 million), up 8% from the same quarter last year.

Tagged Earnings/Financial Reports
Photo from Orbea's factory in Mallabia, Spain.

ERMUA, Spain (BRAIN) — Orbea, the Basque co-op bike manufacturer, had its sixth consecutive record sales year in 2021, hitting 282 million euros ($298 million). The co-op added 170 news jobs in the year, bringing its total workforce to nearly 1,000, with 90% of its workers in Europe.

Tagged Earnings/Financial Reports

MORGAN HILL, Calif. (BRAIN) — Specialized has appointed Armin Landgraf as its Chief of Worldwide Markets, effective May 1.

One-month historical stock quote chart from TradingView.com.

TOKYO (BRAIN) — Shimano Inc.’s stock price fell nearly 14% on Wednesday following the release of its first-quarter earnings report Tuesday. 

OBERWANGEN, Switzerland (BRAIN) — Stromer reached an agreement to merge with Spanish e-bike brand Desiknio Cycles SL. Details of the transaction, which is subject to customary approvals, were not released.

Tagged Electric bike / Mergers, Acquisitions & Investments

SHANGHAI (BRAIN) — The 31st China International Bicycle Fair scheduled for May 6-9 at the New International Expo Centre has been postponed as the city deals with rising COVID-19 cases.

Tagged Coronavirus / Tradeshows and conferences

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