According to a statement received this morning, a two year long litigation battle between Dahon and Tern has been settled on mutually acceptable terms.
In 2011 Josh Hon, son of Dahon founder Dr David Hon, left the firm to create folding bike brand Tern. A lawsuit inevitably followed.
Happily the two companies now seem to have put their disputes behind them and, says Dahon, it can now devote its focus on developing product.
Here's a statement from Dahon, distributed to partners this week:
"The uncertainties of litigation that have plagued our brand these past two years have been amicably setled on mutually acceptable, confidential terms. Accordingly, we can now devote our complete focus to developing the excellent product that consumers have come to love in the last 30 years.
The episode has indeed been a blessing in disguise for Dahon. During this period, we have introduced exciting new technologies, registering 30 to 40 new patents; we have upgraded our production capabilities, initiating modern manufacturing operations in both Bulgaria and North China; and, we have launched a noteworthy new accessory programme under the brand name of 'Dr Hon'.
"At the same time, major international cycling brands such as SKS and Felt have appointed Dahon as their exclusive agent for China. Last but not least, we have been able to attract and recruit international talent in building a great team and an excellent new corporate structure. As a result, we have seen a significant improvement in our products, services and delivery times, which has allowed us to maximise sales and increase profit."