The Colruyt family, owner of Belgium's biggest supermarket chain, will take a stake in Dutch bike builder Santos Bikes through its investment vehicle Korys.
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Dutch bicycle manufacturer Pon.Bike is taking over its American competitor Dorel Sports to form, according to themselves, the largest bicycle manufacturer in the world. The merger teams up both consumer brands (like Pon's Gazelle and Dorel's Schwinn) and specialised race bikes (Cervélo and Cannondale).
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Last year was the best ever in the history of the European bicycle sector. Europeans bought as many as 22 million bicycles, pushing turnover upwards by no less than 40 % to 18.3 billion euros. E-bikes in particular are enormously popular. More and more bicycles are produced locally.
Belgian start-up Cowboy has set its sights on Europe: the opening of an experience store in Brussels is the prelude to an international expansion with the Netherlands, France and Germany as its first targets.
Pon’s intended acquisition of bike manufacturer Accell is no longer an option, because Accell, which owns brands like Batavus and Sparta, says the tabled bid does not suffice at all.
Dutch company Pon, owner of the Gazelle bike brand, has offered 850 million euro to acquire its competitor Accell. Including Accell's brands Batavus and Sparta, Pon would manufacture 2.3 million bikes per year and become the global market leader.