The Dutch conglomerate Pon.Bike division grew revenues 85% in 2022 to €2.4 billion ($2.5 bb) helped considerably by the addition of revenues from the former Dorel Sports bike brands, which it acquired at the end of 2021 for $810 million. Pon overtook competitor Accell Group, which is also based in the Netherlands, to become Europe’s largest bicycle supplier. Huge demand for e-bikes was credited as a key sales driver, but headwinds included the war in Ukraine and macroeconomic challenges around the world.

Pon Holdings B.V., which is privately held, revealed that overall ... Log in to view full article.