News

E-MTB’s Are Sales Hit; Says Accell Group

AMSTERDAM, The Netherlands – The at last year’s Eurobike presented e-MTB’s by Haibike proved to be a success. This stated Accell CEO René Takens at last Friday’s press conference on the holding company’s half year results. Accell sold 14% more e-bikes during the named period. Currently Accell Group ...

Specialized Expands Turbo E-bike Line

MORGAN HILL, USA – Two years after Specialized entered the e-bike market with the high speed Turbo the Americans are taking the next step on this growth market with the launch of two 25 km/h e-bikes. Specialized has introduced two 25 km/h e-bike with similar styling like the Turbo. Including the pre...

Decathlon Expanding Rapidly in India

NEW DELHI, India – The store count of the French company Decathlon is growing quickly in India. Only a few years ago the company had a marginal presence. But recently it opened up stores in all parts of the country. Currently Decathlon operates 14 stores in Chandigarh, Ludhiana, Mohali, Delhi NCR, A...

Zimberoff Moves Onto Senior Management Role at SRAM

CHICAGO, USA - SRAM’s President Stan Day announced the expansion of SRAM’s Senior Management to include a dedicated role of Vice President of Marketing. David Zimberoff will take on that role immediately. "The addition is expected to provide better visibility and coordination for what is becoming in...

Former Road Racer Heads Vredestein Two-Wheel Tyres

ENSCHEDE, the Netherlands - Michael Marx has been appointed as the new divisional head of Vredestein Two-Wheel Tyres. The former world champion in team pursuit has a broad experience in the bike business. Marx previously managed, among others, the Two-Wheel Tyre division of Continental and was inter...

Accell Group First-Half Year Net Profit Up 13%

AMSTERDAM, The Netherlands - Accell Group NV announced earlier today that it recorded a net profit of € 27.5 million in the first half of 2014, a rise of 13% compared 2013. Turnover was up 4% to € 506.2 while operating profit rose by 7% to € 38.2 million. CEO René Takens noted: "We enjoyed a good fi...

Suntour and Trek Start Fighting over Mega Recall

AMSTERDAM, The Netherlands - The Scott and Trek recall involving over 125,000 bikes is expanding further as Scott is now also recalling e-bikes in Europe that have the concerned Suntour suspension forks. Also, Trek and Suntour start fighting over who is to blame. Last Tuesday Bike Europe reported th...

MIFA Sale Moving Forward

SANGERHAUSEN, Germany -- The sale of a minority stake in MIFA Mitteldeutsche Fahrradwerke AG cleared a hurdle on July 23rd as holders of the listed German maker’s bond agreed to defer an interest payment due next month and appointed a Munich-based restructuring specialist to negotiate with company e...

Car Supplier Brose Starts E-bike Motor Production

BERLIN, Germany - Automotive supplier Brose has started production of their e-bike motor. On July 15, in the presence of government, industry and media representatives, the very first Brose pedelec motor was assembled at the company’s Berlin facility. Brose enters the e-bike market with the ambitiou...

Accell Group Goes India

LUDHIANA, India - International bicycle brands are discovering India. More and more iconic foreign brands see the potential of the Indian markets as its economy grows. Ludhiana-based Suncross Bikes recently announced a deal with Accell’s Winora Group for the distribution of Haibike bikes and XLC com...

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