Bicycling

9/25/2023 |  Report: U.K. Cycling Market Down 8 Percent in First Half of 2023 (SGB UPDATE) The Bicycle Association (BA), the national trade association for the U.K. cycling industry, published its annual mid-year report for 2023, which found that the first half of 2023 had further deteriorated in a market that hit a 20-year low in 2022 for mechanical bike sales.

9/6/2023 |  BMZ Acquires Nox Cycles and Hawk Bikes (SGB UPDATE) The BMZ Group, a maker of lithium-ion batteries, acquired the e-bike brand Nox Cycles Austria, its sister companies in Germany and Switzerland, and the Hawk Bikes brand.

9/1/2023 |  VanMoof E-Bike Brand Acquired by McLaren Applied Subsidiary (SGB UPDATE) Lavoie, the electric scooter unit of Formula One engineering and technology firm McLaren Applied, said it had agreed to acquire bankrupt Dutch e-bike maker VanMoof.
“Under the terms of the agreement, the acquisition will see Lavoie and McLaren Applied inject stability into the VanMoof operations,” reads a press release, “then combining and integrating their premium capabilities to create a next-generation e-mobility business and establish a world-leading premium e-mobility offering.”

8/24/2023 |  Unior Bike Tools Names Canadian Distributor (SGB UPDATE) Unior Bike Tools signed a multi-year distribution agreement with Outdoor Gear Canada (OGC) for the Canadian market. OGC said began taking orders for Unior Bike Tools products in August, with deliveries beginning later this year. 

8/24/2023 |  Unior Bike Tools Names Canadian Distributor (SGB UPDATE) Unior Bike Tools signed a multi-year distribution agreement with Outdoor Gear Canada (OGC) for the Canadian market. OGC said began taking orders for Unior Bike Tools products in August, with deliveries beginning later this year.