International
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
ALMELO, Netherlands (BRAIN) — Thieves stole hundreds of components and several carbon fiber mountain bike frames from one of Sensa Bikes' warehouses recently.
OLDENZAAL, Netherlands (BRAIN) — A. Dugast, a Dutch brand famous for its handmade cyclocross tubular tires, is joining the Vittoria Group, the company announced Tuesday.
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.
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%.
SQUAMISH, British Columbia (BRAIN) — 7mesh Cycling Apparel opened a new distribution center in the United Kingdom.
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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