Business

Partnerships, acquisitions and investment news throughout the cycling industry

Bosch eBike Systems’ MY21 online training courses now available to dealers

Two online training courses from Bosch eBike Systems for the 2021 model year are now available to dealers. – Basics: The Bosch eBike system (duration approximately 110 minutes) – Model year 2021: New Features (duration approximately 45 minutes) The online Basics training course will provide an overview of Bosch eBike …

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Polisport Group acquires helmet brand Catlike

Polisport Group has acquired helmet brand Catlike, with the aim of reinforcing its range offer in the high-end cycling market. The group will from now on exclusively assume the entire development, industrialisation, production, sales and promotion of the Catlike brand and products. “Incorporating a brand like Catlike into our team …

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Vittoria to develop cycling innovation centre with bike park next to HQ

Vittoria is to develop a cycling innovation centre with a bike park next to its headquarters and extended warehouse in Brembate, Italy. The €10 million investment will see the company premises grow from 10,000 to 40,000 square metres. The cycling innovation centre is set to explore the application of technologies, …

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RideWrap ‘has people going to shops to measure bikes’

RideWrap has released a statement saying its staff has been working with shops and brands by appointment to measure bikes. It is advising shops to be wary of anyone that claims they are from a bike protection brand other than RideWrap, as they may be an imposter, following reports of …

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SRAM acquires TIME Sport pedal business from Rossignol Group

SRAM has acquired the entire range of road and mountain pedals, cleats and all related patents of TIME Sport from the Rossignol Group. The companies completed the transaction on 18th February. “TIME is a legendary brand and was the first to focus on ergonomics through the pedal stroke,” said SRAM …

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Sigma Sports receives new minority investment from Primary Capital Partners

Sigma Sports has received new minority investment provided by Primary Capital Partners, with the balance of funding coming from debt facilities provided by HSBC. Primary is a provider of private equity finance for UK-based growth companies valued between £20 million and £100 million. Its deal team was led by Graham …

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Panaracer unveils new logo and brand identity

Panaracer has unveiled its new logo and brand identity. The new visual identity and the brand statement and mission that stand behind it are meant to reflect its ongoing commitment to the bicycle community. The Panaracer logo has been modernised into a ‘sharper, more simple’ form, representing an ever-rolling set …

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invisiFRAME ‘does not have people visiting bike shops to take measurements’

BikeBiz has been advised by invisiFRAME that a person/s is going into bike shops, claiming to be from invisiFRAME and asking to take measurements/dimensions of bikes. Vicky Regan from invisiFRAME said: “We just want to make it clear we do not have people visiting shops to take measurements and as …

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Gocycle setting up European subsidiary to support EU growth

Gocycle is to set up a new European subsidiary to better serve its growing EU customer base. The Netherlands-based European subsidiary will include localised EU wide fulfilment from a central distribution centre in Germany. The warehouse will stock and distribute Gocycle products and accessories, fulfilling the brand’s orders across the …

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Planet X aims for international growth with Santander UK funding

Rotherham-based Planet X has secured a £3.225 million funding package through Santander UK. In 2020, Planet X’s 50 employees acquired the business from its founders and set up an Employee Owned Trust. The business has now moved its banking to Santander UK and is accessing a range of facilities to …

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