Industry News

TAIPEI, Taiwan (BRAIN) — Giant Group has made a $20 million investment in Stages Cycling, acquiring 32.5% of the company's common stock according to a filing with the Taiwan stock exchange.

Tagged Mergers, Acquisitions & Investments

SEATTLE (BRAIN) — Rad Power Bikes CEO Phil Molyneux said in an email to customers this week that the company has made mistakes and will learn from them.

Tagged Electric bike

SAN CLEMENTE, Calif. (BRAIN) — GEF Capital Partners, a private equity firm, has made an investment in MURF Electric Bikes, a seven-year-old brand with its roots in surf culture.

Tagged Electric bike / Mergers, Acquisitions & Investments
Photo courtesy of MADE.

PORTLAND, Ore. (BRAIN) — Organizers of MADE, a new handmade bike show scheduled for August in Portland, have opened up registration and appointed industry veteran Steven Elmes as show director.

Tagged Consumer Expos and Rides

NEW YORK (BRAIN) — A New York City council member introduced legislation a week ago to ban e-bikes and e-scooters until they can be made safer and called for them to be treated like motor vehicles.

Tagged Electric bike
Bonnie Tu, the chairperson of Giant Group, and Eric Min, the founder and CEO of Zwift, are among the keynote speakers, along with REI's CEO Eric Artz and Cotopaxi CEO Davis Smith.
Bonnie Tu

BOULDER, Colo. (BRAIN) — PeopleForBikes has announced speakers for its Bicycle Leadership Conference, to be held March 14-16 in Dana Point, California.

Tagged Bicycle Leadership Conference
Jeff McGuane from Fox Racing will become president of the unit.

ANOKA, Minn. (BRAIN) — Vista Outdoor announced internally on Tuesday that it has realigned management of its cycling, snow and powersports brands that make up its Action Sports business unit.

AMSTERDAM (BRAIN) — E-bike brand VanMoof asked for and will receive a capital investment from its shareholders after it predicted its survival would be in jeopardy in the first quarter of 2023, the Dutch newspaper

Tagged Electric bike

SAN FRANCISCO (BRAIN) — Strava has acquired Fatmap, a company whose 3D-map mobile app is targeted at outdoor enthusiasts including climbers and mountaineers. Strava said it will use the Fatmap technology to add 3D mapping to its cycling/running app. Premium members of Strava will gain access to Fatmap.

Tagged Mergers, Acquisitions & Investments

NEUSS, Germany (BRAIN) — This week an executive at the company that previously owned Amprio, Rheinmetall AG, said Amprio has been sold. But he declined to say who bought it.

Tagged Electric bike / Mergers, Acquisitions & Investments

PHILADELPHIA (BRAIN) — State Farm Insurance Company has filed an amended complaint against Rad Power Bikes, adding a Taiwanese bike manufacturer and a battery pack manufacturer as defendants, in its lawsuit on behalf of a homeowner who suffered property damage from a fire.

Tagged Lawsuits/legal / Electric bike
A photo of a Princeton Carbon Wheelworks wheel from the SRAM complaint.

WEST PALM BEACH, Fla. (BRAIN) — The judge in a patent dispute between SRAM and Princeton Carbon Works is promising "a proverbial battle of experts."

BLOOMINGTON, Minn. (BRAIN) — Quality Bicycle Products released two reports detailing external diversity, equity, and inclusion efforts under its 2022 Accountability Report and DEI Strategic Plan.

Tagged DEI and Sustainability

LYONS, Colo. (BRAIN) — Reeb Cycles said it has seen sales grow 65% since it launched its steel SST trail bike in September. The privately held company did not release other sales figures.

Tagged Earnings/Financial Reports

WASHINGTON (BRAIN) — President Joe Biden signed the Bonneville Shoreline Trail Advancement Act into law on Dec. 29 as part of the year-end omnibus federal spending legislation.

LOUISVILLE, Colo. (BRAIN) — Specialized Bicycle Components bought the award-winning office building here previously owned by Pearl Izumi, for $14.9 million.

The company said Thursday that it would use the space for an innovation center.

MORGAN HILL, Calif. (BRAIN) — Specialized announced Wednesday that it is laying off 8% of its workforce in what the company called a “transformation.” The layoffs are across the company globally, including at company-owned retail stores in the U.S. and overseas.

FOUNTAIN VALLEY, Calif. (BRAIN) — Pedego Electric Bikes announced it will sponsor a national e-bike safety program with its North American retailers offering free instruction.

Tagged Electric bike

SALT LAKE CITY, Utah (BRAIN) — Emerald, the parent of the Outdoor Retailer shows, has acquired the consumer event company Lodestone Events. Lodestone is the producer of the Overland Expo consumer shows and is producing Outdoor Adventure X, Emerald's first outdoor consumer event.

Tagged Mergers, Acquisitions & Investments / Consumer Expos and Rides / Outdoor Retailer shows

PETALUMA, Calif. (BRAIN) — Component brand White Industries has purchased the wheel brands Rolf Prima and Astral Cycling.

Tagged Mergers, Acquisitions & Investments

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