Derby Cycle
|
Derby Cycle Werks logo | |
| Headquarters | Cloppenburg, Germany |
|---|---|
| Products | Bicycles |
| Owner | Pon Holdings |
Number of employees | 756 |
| Parent | Pon Holdings |
Derby Cycle AG, based in Cloppenburg, Germany is one of the three largest manufacturers of bicycles in Europe. During the 2010/11 fiscal year derby employed 756 people.[1] Derby Cycle has a 14% market share in Germany.[2] The Derby Cycle AG is listed in the Prime Standard of the regulated market of the Frankfurt Stock Exchange.[3]
History
Derby Cycle Corporation has roots in Luxembourg-based Derby International Corp. SA, a company that had purchased Raleigh Bicycle Company in April 1987. The Derby Cycle Corporation was acquired by chief Alan Finden-Crofts, former chief of Dunlop Slazenger, and attorney Ed Gottesman, from Tube Investments (TI) for £18 million, plus £14 million in assumed debt.
In 1988, Derby Group acquired the "Kalkhoff" brand from the insolvent Neue Kalkhoff Werke GmbH & Co. KG., creating the German subsidiary Derby Cycle Werke GmbH ("Derby Cycle Werke"). Kalkhoff had been founded in Oldenburg in 1919. In 1992, Derby Holding (Deutschland) GmbH was established, incorporating Derby Cycle Werke and Raleigh Fahrräder GmbH.
Derby Cycle sought U.S. bankruptcy protection on August 20, 2001. The management of Derby International, now Derby Group, acquired Derby Cycle Corporation and renamed it Raleigh Cycle Ltd.
In November 2007, Kalkhoff took over the insolvent Derby Cycle Werke's Kynast works in Quakenbrück.[4] The initial public offering followed the successful restructuring of the Frankfurt subsidiary Finatem on 4 February 2011. The Dutch Accell Group launched a failed takeover attempt in late 2011. Instead, Derby Cycle became part of the Dutch Pon Holdings.
Brands
The following brands and trademarks are currently under the umbrella of Derby Cycle Works:[5][6]
- Kalkhoff, premium brand of comfort bikes
- Focus, (acquired 1997) a premium brand for road and mountain bikes
- Nishiki - (acquired 1989, sold U.S. rights to Dick's Sporting Goods in 2010)
- Rixe, (acquired 1998) city and trekking bikes
- Univega (acquired 2001)
The following were once owned by Derby Cycle Works:
- Haro Designs (BMX Bicycle) Haro Designs Acquired 1988 via West Coast Cycle along with NISHIKI and Cycle Pro. (Sold Kenstone Metals 1993)
- Raleigh (acquired 1999, sold to Accell Group in 2012)
Notes
- ↑ DerbyCycle GB 2012
- ↑ (PDF) http://web.archive.org/web/20160303215927/http://www.om23.de/pdf/newsletter_10_07.pdf. Archived from the original (PDF) on March 3, 2016. Retrieved September 8, 2012. Missing or empty
|title=(help) - ↑ "Willkommen bei der Gruppe Deutsche Börse". deutsche-boerse.com. Retrieved 9 September 2015.
- ↑ "Entschuldigung,". www.noz.de. Retrieved 9 September 2015.
- ↑ DerbyCycle Factsheet
- ↑ "Derby Cycle brands". www.derby-cycle.com. Retrieved 9 September 2015.
External links
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