News

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...

SR Suntour Reacts on Mega Recall Scott and Trek

WASHINGTON, D.C. – The recall from both Scott and Trek involving over 125,000 bikes is not due to any defect in SR Suntour forks. In a statement by a spokesman from SR Suntour, it is said that: “SR Suntour does not plan to conduct a recall of any of these forks.” That SR Suntour is not recalling the...

Accell Group Sells Tunturi Fitness Division

HEERENVEEN, the Netherlands - Accell Group has sold its Tunturi fitness activities to a group of private investors. These investors do not hold share positions within Accell Group NV. The transaction is expected to have a limited impact on the holding company’s 2014 result. René Takens, Accell Group...

Vittoria Changes Brand Strategy

MADONE, Italy – At ExpoBici in Italy tyre manufacturer Vittoria S.p.A. will officially launch a new brand strategy as of MY 2015. Vittoria, manufacturer of premium bicycle tyres including tubes, will say goodbye to GEAX; the brand name used to market MTB tyres. The brand name GEAX, founded by Vittor...

Denmark Adopts ‘National Cycling Strategy’

COPENHAGEN, Denmark – The Danish Minister of Transport launched a new strategy aimed towards getting more people to use their bike. The Danish Cyclists’ Federation has contributed to the final strategy and is very pleased with the outcome. "We have a long tradition for cycling in Denmark, and it mak...

Newly Upgraded Merida Facility Begins Production

YUANLIN, Taiwan - At a recent round of shareholders’ meeting, Merida revealed that its newly upgraded production lines in Taiwan are now operational. This is part of an expansion scheme for the company’s Taiwan facility that also includes the construction of a new hall for the production of high end...

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