Business

Partnerships, acquisitions and investment news throughout the cycling industry

Porsche acquires stake in e-bike drive systems manufacturer Fazua, plans joint ventures with Ponooc

Porsche is expanding its involvement in the e-bike market, acquiring 20% of the shares in e-bike drive systems manufacturer Fazua with an option to purchase further shares. Fazua, from Ottobrunn, near Munich, was founded in 2013 and is a pioneer in the development of lightweight, compact drive technologies. It established …

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Brooklyn Bicycle Co. partners with The Bike Collective for Australian distribution

Urban bike manufacturer Brooklyn Bicycle Co. has partnered with The Bike Collective, an Australian distribution company that sells bikes and accessories to independent bike shops throughout Australia. The Bike Collective is currently offering Brooklyn Bicycle Co. bikes for pre-order and will begin shipping to Australian retailers in late February. The …

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Shimano components for 10,000 bikes stolen from Czech bicycle producer

Shimano components to produce 10,000 bikes have been stolen from Czech bicycle producer Bike Fun International (BFI). While transporting the components, unknown criminals put a truck driver to sleep by gas in a parking lot and stole the Shimano components, BFI said in a statement. The heist took place on …

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Inflexion signs definitive agreement to acquire enviolo

Inflexion has signed a definitive agreement to acquire enviolo. Headquartered in the Netherlands and with additional operations in Austin, Texas, enviolo designs and develops transmission systems for high-quality e-bikes mainly for the European and North American markets. The company’s proprietary technology enables cyclists to intuitively adjust the gear ratio. Inflexion …

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Vista Outdoor reports record sales in third quarter FY22 financial results

Vista Outdoor has reported its financial results for the third quarter of its fiscal year 2022, which ended on 26th December 2021, with sales increasing by 38% to $795 million. For the company’s outdoor products, sales increased 17% to $335 million, driven by double-digit growth in outdoor recreation and action …

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ADVNTR Media Group launches B2B platform Dek

ADVNTR Media Group has launched a new B2B platform, Dek. “Dek is an online B2B platform providing streamlined purchasing and media content to your customers,” said a statement. “Designed to give you flexibility in how you sell, and who you sell to, with comprehensive controls for product access and individual …

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Nottingham-based e-bike company WAU scales up business operations to eradicate ‘range anxiety’

Nottingham-based e-bike company WAU is continuing to scale up its business operations and expand into international sales channels, to Europe and America. WAU said it has ambitions to eradicate ‘range anxiety’ for e-bike riders and roll out energy storage for households nationwide. The Nottingham-based company said its e-bikes have been …

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BikeBiz February edition is now available

Never miss an issue, subscribe to BikeBiz for free here The first few weeks of 2022 began to feel like an extended Christmas lull for much of the bike trade, as the cold crept in, consumers hunkered down, and the industry as a whole remained quiet.  But that stalled feeling …

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Pedal Revolution now under new ownership with Kate Warner leading new team

Independent bike retailer Pedal Revolution is now under new ownership, with the announcement that its management team has successfully completed a management buyout (MBO). After an accumulative total of 34 years of putting their heart and soul into Pedal Revolution, owners Gareth Edwards and Neil Turner have decided it is …

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Cane Creek warns customers of fraudulent website

Cane Creek has been made aware of a fraudulent website selling products at discounted prices, the brand said on social media. The brand has no affiliation with the website, it added, and it is not an authorized reseller. Cane Creek does not recommend anyone attempt to purchase anything from it. …

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