Thieves have stolen one million Swiss Francs (approximately £665,00) worth of bicycles from Scott Sports headquarters in Givisiez, Switzerland, on Sunday June 1. It’s the latest in a recent spate of burglaries affecting bike companies in Switzerland.

The professional burglars bypassed the alarm system to steal 2014 model year road and mountain bikes, and several 2015 sample bikes that are not yet available to the public, Scott reports. The average value of each of the bikes stolen is around £3000.

>> Save up to 31% with a magazine subscription. Enjoy the luxury of home delivery and never miss an issue <<

A truck was also stolen from a neighbouring company, presumably to transport the bikes.

“It is a sad truth that the bicycling industry, be it retailers, manufacturers or professional teams, have been victim of recurrent, severe burglaries causing extensive financial damage during the past few years,” said Pascal Ducrot, Vice President of Scott Sports, in a statement.