Bicycling

3/15/2023 |  Niner Bikes Founder Joins Gates To Develop Bike And eBike Technologies (SGB UPDATE)

Niner Bikes founder Chris Sugai joined Gates as general manager of Gates Global Mobility, driving the development of advanced drivetrain solutions and belt technologies for bikes, eBikes, motorcycles, powersports, and electric micromobility.

3/14/2023 |  Signa Sports Opens North America Bike Office In Park City (SGB UPDATE)

Signa Sports United’s (SSU) North American Bike Division, which makes the Nukeproof and Vitus bikes, opened a corporate office in Park City, UT.

3/14/2023 |  Giant Bicycles Sees Inventory Affecting Short-Term Results After Solid 2022 (SGB UPDATE)

Giant Group reported that 2022 consolidated revenues increased 12.5 percent to NT$92.04 billion. Due to the impact of rising material and labor costs as well as an increase in the OEM business, the overall group’s gross margin and operating profit performance were negatively affected.

3/14/2023 |  Rocky Mountain Acquires BikeAction GmbH (SGB UPDATE) Rocky Mountain acquired BikeAction GmbH a bike distributor headquartered in Germany. The acquisition, built on a 30-plus-year partnership, vertically integrates the Canadian manufacturer into the European market and supports riders in BikeAction’s Northern European region.

2/22/2023 |  BikeExchange Partners With Blaupunkt E-Bikes For DTC Sales (SGB UPDATE) Electronics brand Blaupunkt signed an exclusive agreement with BikeExchange naming them the DTC sales outlet for its foldable e-bikes in North America.