Factory Media's Road Cycling UK and Dirt magazines and websites have been snapped up by Square Up Media of London along with eighteen other titles. Factory Media was owned by Forward Dimension Capital.
Square Up Media has doubled in both size and turnover in the past twelve months, said a company statement.
Square Up Media CEO Tim Slee said: “We were one of the pioneers of the freemium print model when we launched Square Mile back in 2005, and since then Square Up Media has become renowned for its print products – as well as its websites and events.
"However, with our latest acquisitions, we have developed into one of the most exciting companies in the UK’s media landscape. We now have a broad and robust portfolio across print, digital and events, while remaining true to Square Up Media’s spirit – creating exciting lifestyle products that inspire our
readers, as well as us.”