Business

Partnerships, acquisitions and investment news throughout the cycling industry

TVS Motor Company acquires UK distributor Ebco

TVS Motor Company has acquired a majority interest in Ebco Ltd, which owns the Ebco brand and distributes German brand Corratec (IKO Europe GmbH). For two and three-wheeler manufacturer TVS Motor, acquiring Ebco is the latest phase of its initiative to establish a solid European footprint in the e-bike market. …

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Durham bike shop Infinity Cycles joins Specialized team

Specialized UK has shared the next stage of investment in its ecosystem, announcing that Infinity Cycles has joined the Specialized team. Infinity Cycles, which opened its doors in July 2009 and serves the cycling community in and around Durham, is already a close partner of Specialized. Specialized’s investment in “secures and …

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Temple Cycles launches £625,000 crowdfunding campaign to grow business and fund investment in new e-bike activities

Bristol-based bike company Temple Cycles has launched a £625,000 bond offer on the Triodos crowdfunding platform to grow its business and fund investment in its new e-bike activities. Temple Cycles designs and builds high-quality, sustainable bicycles from its Bristol workshop, offering a range of bikes for all kinds of cycling, …

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Raleigh freezes Schwalbe pricing until July 2022 in bid to support dealers

Nottingham-based distributor Raleigh UK is freezing Schwalbe pricing to enhance margin for dealers until July 2022. With many prices set to rise throughout this year, Raleigh, in a bid to support dealers, will freeze prices on its Schwalbe lines and will honour existing pricing up until the end of the …

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Evans Cycles set to open new store in Wigan

Evans Cycles is to open a new store in Wigan this Wednesday, 6th April. This follows the recent opening of the “UK’s biggest bike shop” in Cheetham Hill. Celebrating its expansion in Wigan, Evans Cycles will be running an opening offer of free bike health checks in-store. Customers visiting the …

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ACT announces launch of Cytech courses in Australia with The Bicycle Academy

The ACT has announced the launch of Cytech courses in Australia with The Bicycle Academy. Managed by the ACT, Cytech’s mission is to raise the standard of professional cycle technicians across the globe. The training facilities now operate in four continents with new workshops opening every year. The new Australian …

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BikeBiz April edition is now available

The April edition of BikeBiz is live now. Read the digital edition online here. Never miss an issue, subscribe to BikeBiz for free here This month’s comment is by Rebecca Morley, senior staff writer No, don’t worry, we’ve not had an unexpected staffing change at BikeBiz that we haven’t told you about – …

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Sigma Sports opens new flagship electric bike store

Bicycle retailer Sigma Sports has officially opened its first flagship e-bike store, located in South West London. The omnichannel chain, which already has two stores and a strong online presence, has now expanded to focus on the electric bike market, which is expected to triple in size by 2023, according …

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Shimano Europe announces plan to outsource warehouse activities, putting 45 jobs at risk

Component giant Shimano has announced plans to outsource its European warehouse activities, putting 45 jobs at risk.  The Japanese groupset, component, and apparel manufacturer said that due to enormous growth within the company, the distribution centre in the Netherlands no longer suits demand.  Shimano said that the transition to the …

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Retailer Fully Charged and bike brand Ribble scoop prizes at first Move Electric awards 

The winners have been announced for the first ever Move Electric Awards, an event established to celebrate leaders in electric mobility.  Held online with winners announced via social media, awards were handed out for a number of categories, ranging from Best Electric Bike, to Best E-Business of the Year, and …

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