Business

Partnerships, acquisitions and investment news throughout the cycling industry

Restrap moves to new factory in Leeds

Restrap has moved to a new factory close to Leeds City Centre with help and support from the Leeds City Region Enterprise Partnership. The company said it is now in a position to take steps to not only streamline its production processes to be more efficient, but it is also …

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HNF Nicolai reports 100% sales growth during 2020

E-bike brand HNF Nicolai has reported a 103% growth in sales during the 2020 calendar year, compared with the previous 12 months. Michael Hecken, chief sales and marketing officer of HNF, said HNF and Hero International’s joint strategy of working with independent bike dealers is paying off with more than …

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UK cycling market ‘sees 4% monthly growth since start of first lockdown’

The UK cycling market has grown by an average of around 4% each month since the beginning of the first lockdown last year, Halfords has said. Prior to the pandemic, there were 0.42 bikes per head of population in the UK. The figure for the Netherlands is 1.35 bikes per …

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Rad Power Bikes receives $150 million investment to expand worldwide operations

Rad Power Bikes has announced a minority investment of $150 million. The investment is from Counterpoint Global (Morgan Stanley), Fidelity Management and Research Company, The Rise Fund, the global impact investing platform managed by TPG, and funds and accounts advised by T. Rowe Price Associates. Existing investors Durable Capital Partners …

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What to do next when shutting up shop

As a third national lockdown continues, the Association of Cycle Traders (ACT) is offering guidance to IBDs throughout the country. ACT PR and marketing executive Tabitha Walker outlines some of the help available to bike shops On 4th January, the Prime Minister took the necessary step of enforcing yet another …

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BikeBiz February edition is now available

The digital edition of BikeBiz February is now available online. This month, we hear about key industry trends from Jazz Walia, Adrian Warren and Jez Williman, catch up 2020’s BikeBiz Awards P&A winners Madison and Muc-Off, and look at what Brexit means for the bike industry. This month’s sector guides …

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Extra secures exclusive distribution of Motorex in UK and Ireland

Extra is to start distribution of Motorex Bike Line products for the UK and Ireland from today, 1st February. Founded in 1917, Motorex is an independent family-owned Swiss company. It offers a comprehensive range of bicycle maintenance products which includes biodegradable cleaners and lubes, greases, hydraulic brake fluids, specialist sprays …

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Intense Europe forms exclusive distribution partnership with Parts Europe

Intense Europe has formed an exclusive partnership with Parts Europe to distribute its new Tazer MX PRO e-MTB throughout Europe. Parts Europe is the European arm of US-based Parts Unlimited. This new collaboration with Intense Europe is based on the launch of the Tazer MX in the US last October. “Having …

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Bianchi establishes new French division for direct distribution

Bianchi has opened a French division for direct distribution. Starting today, 1st February, Christophe Soenen will assume his new position as director of Bianchi France, following a career as managing director of another company in the cycling industry. With Soenen, Bianchi is aiming to strengthen its international team of managers, …

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Pure Electric agrees distribution deal with Analog Motion

Pure Electric has agreed an exclusive distribution deal with Analog Motion to offer its customers the new Analog Motion AMX Le Classic. “The e-bike is set to define the highly competitive lightweight commuter category,” said a statement, “following a series of customer-led refinements by Analog Motion from the original AM1 …

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