News
SCHLITTERS, Austria (BRAIN) — Lithium-ion battery manufacturer The BMZ Group acquired e-bike brand Nox Cycles Austria, its sister companies in Germany and Switzerland, and the Hawk Bikes brand.
AMSTERDAM (BRAIN) — Pon Holdings and Volkswagen Financial Services will collaborate to expand e-bike leasing for employees and commercial customers in the U.S. and Europe.
TAICHUNG, Taiwan (BRAIN) — Bike manufacturer Ideal Bike Corp. says its representative will make claims worth $1.52 million at a creditors meeting being held Monday by VanMoof Asia Ltd., a Taiwan-based business related to the Netherlands-based e-bike brand.
WILMINGTON, Del. (BRAIN) — Wahoo Fitness and Zwift have agreed to settle a patent suit over Zwift's Hub stationary trainer.
A court filing Thursday shows both sides are asking the court to dismiss Wahoo's patent suit against Zwift and any counterclaims, with each side to pay their own legal fees.
STOCKHOLM (BRAIN) — MIPS will acquire 25% of sensor technology company Quintessential Design Inc. (Quin) for $7.3 million.
AMSTERDAM (BRAIN) — Pon.Bike has added Italian road and track shoe brand Nimbl to its growing portfolio. Terms of the sale were not disclosed.
LONDON (BRAIN) — British e-mobility company Lavoie has acquired VanMoof and intends to stabilize, grow, and develop the Dutch e-bike brand that declared bankruptcy in July.
Acquisition terms were not announced.
WELS, Austria (BRAIN) — Pierer Mobility AG, the owner of Felt Bicycle and e-bike brands including Husqvarna and GASGAS, announced first-half revenues of 1.154 billion euros ($1.26 billion), up 20.2% from the first half last year.
BOULDER, Colo. (BRAIN) — E-Bike Smart is a new electric bike safety education online course created by PeopleForBikes, the League of American Bicyclists, and Bicycle Colorado to help riders of all ages and experience levels learn how to ride responsibly.
WASHINGTON (BRAIN) — The Consumer Product Safety Commission recalled Ecnup multipurpose kids bike helmets sold on Amazon because they don't comply with federal safety standards for coverage, positional stability, and labeling.
NEWBURY PARK, Calif. (BRAIN) — Giant Bicycles says it is aware of a fraudulent website mimicking its U.S. domain and has started the process of eliminating it by notifying the Federal Trade Commission, which investigates online scams in the U.S., and the brand's global legal team in Taiwan.
NEW YORK (BRAIN) — Peloton’s fiscal year has concluded with $1.13 billion in revenue, down 48% from the prior year and 64% from the year before that.
The company’s net loss for the year was $1.26 billion, partly a result of a costly seatpost recall that was announced in May.
DENVER (BRAIN) – Pactimo is working with Maui artist Welzie to create a Love Maui Love Collection of jerseys and running shirts, with sales proceeds dedicated to supporting those devastated by the recent Maui fires.
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