Derby Cycle

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]

Derby Cycle AG
Founded1988 (1988)
Headquarters
Cloppenburg
,
Germany
ProductsBicycles
OwnerPon Holdings
Number of employees
756
ParentPon Holdings
Websitewww.derby-cycle.com/ 

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]

Current brands:

  • Kalkhoff, premium brand of comfort bikes
  • Focus, (acquired 1997) a premium brand for road and mountain bikes
  • Rixe, (acquired 1998) city and trekking bikes
  • Univega (acquired 2001)
  • Raleigh, better known as Raleigh Germany, produced in Cloppenburg for German-speaking Europe only.[7]

The former brands:

Notes
  1. "DerbyCycle GB 2012" (PDF). Archived from the original (PDF) on 2016-02-03. Retrieved 2013-08-01.
  2. (PDF) http://www.om23.de/pdf/newsletter_10_07.pdf. Retrieved September 8, 2012. Missing or empty |title= (help)
  3. "Willkommen bei der Gruppe Deutsche Börse". deutsche-boerse.com. Retrieved 9 September 2015.
  4. "Entschuldigung". www.noz.de. Archived from the original on 2013-02-11. Retrieved 9 September 2015.
  5. "DerbyCycle Factsheet" (PDF). Archived from the original (PDF) on 2015-09-23. Retrieved 2012-09-08.
  6. "Derby Cycle brands". www.derby-cycle.com. Retrieved 9 September 2015.
  7. "Historie | Raleigh Fahrräder".
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