Business

Partnerships, acquisitions and investment news throughout the cycling industry

Vires Velo launches as exclusive UK partner for Factor Bikes and Black Inc

As part of the continued growth of Factor Bikes UK Ltd, the current UK partner of Factor Bikes and Black Inc, the company is embarking on the next chapter of its journey under the new company name Vires Velo. The company is the exclusive UK partner for Factor Bikes and …

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Race Pace Bicycles sold to Trek Bicycles

Maryland’s Race Pace Bicycles has been sold to Trek Bicycles, with the transition set to occur in March. The retailer opened its first store in 1978 in West Baltimore and is now present in seven locations. The announcement was made on Race Pace Bicycles’ Facebook page by owner Alex Obriecht. “From …

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Cyclorise partners with lightweight components brand Garbaruk

Cyclorise has announced a partnership with Garbaruk. As a producer of premium, precisely crafted bike components, Garbaruk originally started out in the world of motorsports. Over the years, it has created a team of highly qualified and passionate engineers. After leaving the area of professional motorcycles, Garbaruk turned its focus …

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VeloNews magazine merges into Peloton magazine

VeloNews magazine is merging into the Peloton magazine. The new Peloton magazine will also have contributions from authors and photographers from CyclingTips, VeloNews said. The magazine will be a minimum of 132 pages and will be out six times per year. VeloNews subscribers received an email with full details on 23rd …

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Dorel completes sale of sports segment to Pon Holdings

Dorel Industries has completed the previously-announced sale of Dorel Sports, its bicycle segment, to Dutch mobility group Pon Holdings for $810 million, representing approximately CAD $1.03 billion. At closing, Dorel said it received net proceeds from the sale of approximately $735 million, which it will use for payment of a …

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Garmin announces two new smart watches for 2022 

Garmin has announced the launch of two new smart watches to start the new year, the Venu 2 Plus and the Vivomove Sport.  These two new products in the fitness watch market offer more versatility to the fitness tech market, as the Venu 2 is designed as an active lifestyle …

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BikeBiz January edition is now available

The digital edition of BikeBiz January is now available online. Our first edition of 2022 rounds up reaction from last month’s BikeBiz Awards, before looking at what we can expect from the year ahead, from electric mobility, bike sharing and the Olympic legacy. This month’s sector guides are bike security (page …

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Oneway moves to new office in Rotterdam

Oneway Bike, distributor of Cube, Ere Research, Acid and RFR, has moved to a new office building and warehouse, located in Rotterdam. The new building consists of almost 2000 m² of office space and more than 8000 m² of warehouse space with sufficient growth potential, said the company. The new …

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Aftershokz rebrands to Shokz, launches OpenRun bone-conduction headphones

AfterShokz has been officially renamed as Shokz, creating a “shorter, more powerful word that is easier to remember and share, helping to spread the word and bring the benefits of open-ear listening to more sports enthusiasts”. The new name and logo reinforce Shokz’s commitment to providing the best open-ear listening …

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BikeExchange acquires US bike delivery service Kitzuma 

Online cycling marketplace BikeExchange has acquired US-based bike delivery service Kitzuma for $3.375 million (£2.5 million).  Australian firm BikeExchange said it made the acquisition to help drive its e-commerce-first strategy, with the aim of improving both seller and customer experience.  Kitzuma specialises in delivering fully-built bikes tailored to suit manufacturers, …

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