Tag Archives: acquisition

Pierer Mobility AG acquires Felt Bicycles

Pierer Mobility AG has announced the acquisition and integration of Felt Bicycles into its division Pierer E-Bikes GmbH. Founded in 1991 in California, USA, Felt Bicycles has a reputation for producing high-performance, drop-bar road, triathlon, track, cyclocross, gravel and adventure bikes. Felt bikes have been ridden to stage wins at …

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nextbike acquired by micromobility operator TIER

Micromobility operator TIER is today acquiring bike-share company nextbike. With the acquisition, TIER is expanding its portfolio of shared, light electric vehicles with rental bikes and e-bikes. nextbike has been operating bike rental systems since 2004, mostly as the exclusive operator for cities, and has established a profitable shared mobility business …

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Dorel Sports sold to Pon Holdings for $810 million

Dorel Industries has entered into a definitive agreement to sell Dorel Sports to Pon Holdings for $810 million in cash. Dorel said it expects to use the net proceeds from the sale of approximately $735 million (subject to closing adjustments) to reduce indebtedness, return capital to shareholders and for general …

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JD Group acquires majority stake in Wheelbase

JD Group has acquired a majority stake in bicycle retailer Wheelbase. Founded in 1993, Wheelbase has 45 employees and three stores across the North of England. It also has a large online presence selling premium bikes to customers all over the UK. It offers a comprehensive and diverse range of …

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Life Time acquires Sea Otter Classic

Sea Otter Classic has been acquired by Life Time. Life Time is the owner/producer of multiple athletic events, with a history of providing ‘premium, uncompromising’ race experiences. Its acquisition of Sea Otter marks another ‘important’ step in the continued growth and success of the event. Sea Otter Classic’s leadership team …

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Pinkbike, CyclingTips and Trailforks join Outside family

Outside has added three new brands to its portfolio: Pinkbike, Pinkbike’s mapping app TrailForks, and CyclingTips, which Pinkbike acquired in 2019. The acquisition brings Outside’s family of brands to 40. The new properties join the company’s quiver of cycling assets, including VeloNews, Peloton, Beta, Triathlete, VeloPress, and Roll Massif. The …

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Asobi Ventures acquires majority stake in Cinelli and Columbus brands

Asobi Ventures has acquired a majority share in Gruppo Srl, the parent company of Italian bicycle manufacturer Cinelli and tube manufacturer Columbus. The terms of the transaction were not disclosed. In partnership with Austin, TX-based Asobi Ventures, Cinelli and Columbus plan to expand their footprint with bike dealers globally while …

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WiggleCRC to be acquired by Signa Sports United

The WiggleCRC Group is set to be acquired by global sports e-commerce and technology platform Signa Sports United. The platform has entered into a business combination agreement with Yucaipa Acquisition Corporation, a publicly traded special purpose acquisition company led by chairman and president Ron Burkle and CFO and COO Ira …

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ABUS acquires Italian helmet brand Max Studio S.R.L

ABUS has reached an agreement to acquire Italian helmet manufacturer Maxi Studio S.R.L. The company, based near Venice, was founded in 1993. It focuses primarily on the development and production of high-quality bicycle helmets and their components. “This is a very special milestone in the ABUS helmet history,” said Christian Bremicker, managing …

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Stromer sold to private equity firm Naxicap Partners

Stromer has been sold to France-based private equity firm Naxicap Partners, with GCA Altium acting as exclusive financial advisor to the shareholders. Founded in 2009, Stromer is a manufacturer of premium speed pedelecs in Europe and the United States, with a market share of over 20% in each country. The …

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