All Corporate articles – Page 38
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News briefsU.S. e-bike supplier Rad Power Bikes receives further cash injection
Rad Power Bikes, which claims to be the largest e-bike provider in North America, has received another $150 million investment. The D2C e-bike brand, founded in 2007, received the amount from an investor conglomerate that includes Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, The Rise Fund, a global ...
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News briefsKästle comes close to previous year’s sales volume despite Corona
Despite an early end to the last winter season due to the Corona outbreak, the Austrian ski brand Kästle has reported that it could continue the growth of previous years and sell nearly as many skis as in 2019. However, the brand did not disclose any numbers. Kästle’s CEO, Alexander ...
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News briefsWomen in the sports business: Cross-gender teamwork is key
A look into the future of the sports industry was offered by Connecting Women’s Women Empowerment panel at ISPO Munich Online on Tuesday. Dr. Jeanette Friedrich, head of ISPO, suggested that the pursuit of equality should be seen as cross-gender teamwork and thus achieved together. Anna Kopp, IT director for ...
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News briefs
Two shareholders demand more for Dorel
According to Bloomberg, two large institutional shareholders are planning to vote against the sweetened offer to pay 16.00 Canadian share for each share in Dorel Industries made a few days ago by Cerberus Capital Management to take the company private. They say that, while it is higher than an initial ...
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ArticleE-bike frame manufacturer Astro cooperates with electronics giant Darfon
To further advance the electrification of bicycles, Taiwan’s high-end OEM and ODM frame manufacturer Astro Engineering has entered into a cooperation with laptop/computer keyboard and electronic component manufacturer Darfon Electronics. On Feb. 1, this new strategic alliance officially became Astro Tech Co. Ltd. Based on the essence of e-bike design, ...
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News briefsColoreel raises nearly €10 million from Robur Ny Teknik
Source: Coloreel Coloreel unit Coloreel has raised SEK100 million (€9.8 million) from Robur Ny Teknik, a Swedish institutional investor in technology companies. The funding will support Coloreel’s future growth and market expansion. Coloreel has developed a patented technology for the digital dyeing of textile thread. The pioneering ...
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News briefs
Dorel raises purchase price to go private
Cerberus Capital Management has agreed to pay 10.3 percent more than previously planned to acquire control of Dorel Industries – whose assets include major bicycle brands such as Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse – following exchanges and discussion with shareholders holding more than 50 percent of the group’s ...
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News briefsSympatex with new CI; activating against pessimism, resignation and procrastination
German functional specialist Sympatex Technologies has unveiled a revamped corporate identity with a reduced logo, new brand claim and bold colors. At the same time, the Munich-based ingredient brand is addressing both the industry and the end consumer, calling for voluntary action for a consistently more sustainable textile industry. It ...
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News briefs
Terra Nova establishes Dutch subsidiary to avoid Brexit costs and disruption
U.K.-based outdoor gear designer Terra Nova said it is moving its export business to The Netherlands to avoid crippling Brexit-related costs and trade friction. The new entity, Terra Nova Equipment Europe B.V., will be located in Amsterdam and deal with all European business as well as a majority of trade ...
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News briefs
Rapala acquires Okuma brand and associated property rights in Europe and Russia
Rapala VMC and Okuma Fishing Tackle have agreed that Okuma will transfer to Rapala its European and Russian trademarks and associated intangible assets against consideration of $8 million. The two companies have also agreed to conclude a supply agreement for the area. Okuma will become the flagship brand in Rapala’s ...
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News briefs
Moody’s upgrades Vista Outdoor once more
A fast-growing ammunition market in the U.S. due to the anxiety caused by the coronavirus pandemic and the trend toward outdoor activities is leading to better financial prospects for Vista Outdoor, which is also the owner of “quieter” international brands like Camelbak, Bell and Giro. As a result, Moody’s is ...
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News briefsArgon 18 to open European headquarters
After Copenhagen-based investor Henrik Lyngbye Pedersen and his company, Bregnerød Investeringsselskab Aps, increased their stake in Canadian road cycling and triathlon outfitter Argon 18 to a strategic (albeit undisclosed) majority stake in early 2019, ties to Denmark have now been further strengthened: On Jan. 26, the Montréal, Québec-based premium bike ...
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ArticleGreenstorm Mobility: new majority shareholder, new management
Greenstorm Mobility, a young Austrian e-mobility company that combines e-mobility with a sharing and second-hand concept, has a new majority shareholder and a new management duo. While a British private equity firm, Bregal Milestone, invested a “double-digit million amount” in 2018, it now gave another unspecified cash injection, making it ...
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News briefs
Idealp Sport is placed under administration
Idealp Sport, a French skiwear company based in Albertville, has been placed under administration (“procédure de sauvegarde” under French law) by the Chambéry commercial court, as reported by sport-guide.com. The Henri Duvillard brand, which Idealp sold to Amateis in Dec. 2020, is not involved in the procedure. The Degré 7 ...
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ArticleBüchel integrates Kuhnert and Exal into group portfolio
In streamlining the organization, Kuhnert Drahtwaren and Exal Europe have been integrated into the Büchel Group. “Since Jan. 1 of this year, Büchel GmbH & Co. Fahrzeugteilefabrik KG has taken over the joint business operations of the two companies,” reads a statement from the German bicycle parts manufacturer’s corporate headquarters ...
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News briefs
Tecnica partners with H-Farm on vocational training for the sports industry
Tecnica Group has signed a partnership agreement with H-Farm, the innovation hub in Ca’ Tron, near Venice, Italy, which combines investment, business consulting and digitally-enhanced educational programs. The partnership includes digital courses for Tecnica employees and new educational programs to train both current and future workers in the sports industry. ...
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News briefs
Teijin establishes sustainable tech innovation center in the Netherlands
Teijin, a Japanese high-performance fiber developer, has announced the creation of its new European Sustainable Technology Innovation Center (ESTIC) in Arnhem, Netherlands. The new R&D hub will focus on the development of Teijin’s environmental-value materials and solutions. ESTIC will also establish a satellite office at Brightlands Chemelot Campus, an open-innovation ...
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News briefs
Bern Helmets prepares for future development
Bern Helmets has announced an expanded leadership team. Founder Dennis Leedom will join Adam Godwin, CFO, in leading a team of seasoned action sports professionals from the new headquarters in the Cordage Commerce Center, a renovated industrial park in Plymouth, Massachusetts. Leedom has more than 25 years of experience in ...
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News briefsSpecial needs bike producer Van Raam buys Polish factory
To meet the high demand for special needs bikes, Dutch special and therapeutic bike producer Van Raam has bought a factory in Poland. The contract was signed already in mid-December. No information was provided on the purchase price. The factory is located in the southwest of the country, in Wykroty, ...
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News briefs
Danish retail chain Eventyrsport acquires stake in outdoor experience portal
Danish outdoor chain Eventyrsport, which operates 13 physical stores and an online store that is also available in Swedish, has bought into Outdoor365 ApS, a Danish outdoor experience portal. Outdoor365 has organized the country’s largest outdoor festival in Ry since 2015 and last year launched an online portal where users ...
