Derby Cycle GmbH, based in Cloppenburg, Germany, was a manufacturer 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] Formerly, the Derby Cycle AG was listed in the Prime Standard of the regulated market of the Frankfurt Stock Exchange.[3] It was acquired by Pon Holdings in 2011.
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