Bicycling

6/10/2025 |  Industry Nine Acquires We Are One Composites June 10, 2025 (SGB UPDATE) Industry Nine announced that it acquired British Columbia-based We Are One Composites, which has been its source for hand-laid carbon fiber rims for the past five years.
In a joint press release, the companies stated that the merger combines Industry Nine’s “machining and engineering expertise with We Are One’s carbon fiber craftsmanship.”

5/3/2025 |  Events DC to Sponsor 2025 Amazon Armed Forces Cycling Classic (SportsTravel) Events DC will sponsor the Amazon Armed Forces Cycling Classic, a Pro/Am cycling event taking place May 31 and June 1 in Washington, D.C.
The event features a showcase for top-tier professional and amateur cycling races, while also producing the non-competitive Challenge Ride into the heart of the nation’s capital. In addition to the featured events, the Capitol Cup Races will include two amateur races and a free kids’ race.

4/28/2025 |  EXEC: Woom Boasts 40 Percent Premium Bike Sales Growth in Q1 (SGB UPDATE) Woom, the Vienna, Austria-based manufacturer of bikes for kids and teens, is reporting that it has achieved its strongest quarterly results to date. First quarter 2025 sales reportedly increased 40 percent year-over-year to €44 million. The company reportedly sold over 124,000 bikes during the period.

4/28/2025 |  Trickstuff Partners with Outdoor Gear Canada as New Distributor (SGB UPDATE) Bicycle brakes and components maker Trickstuff GMBH is ramping its Canadian presence with a new exclusive distribution agreement with Outdoor Gear Canada (OGC).
“The agreement will enable OGC to provide Canadian retailers and consumers with direct access to Trickstuff’s premium products,” the company said in a media release. “We are thrilled to partner with OGC to bring Trickstuff brakes and brake parts to Canada.”

4/25/2025 |  EXEC: Shimano Posts Solid Q1 Results, Led by DD Growth in Bicycle Components (SGB UPDATE) Shimano Group reported that interest in bikes and fishing tackle continued into the first quarter of fiscal year 2025, pushing consolidated net sales up 12.9 percent year-over-year (y/y) to ¥113.5 billion.
Operating income for the quarter increased 20.3 percent y/y to ¥16.1 billion, ordinary income decreased 46.6 percent y/y to ¥15.4 billion, and net income attributable to owners of parent decreased 58.7 percent y/y to ¥9.8 billion.