A classic Pedersen, taken by a French acquaintance, Guillaume Reguer.
Also known as the Dursley-Pedersen, it is one of the more famous Danish designs. In 1978 a blacksmith named Jesper Sølling found the designs for the bike and reintroduced it into production.
Pedersen Bike Website with interesting history section.
Hardly an hour passed after posting before Thomas from Pedersen On Tour in Germany sent a link and a photo, included here. Thanks, Thomas!