Mergers, Acquisitions & Investments
PARK CITY, UT (BRAIN) — Backcountry has purchased Bergfreunde.de, an outdoor equipment e-commerce retailer that serves Germany, Austria and Switzerland. Backcountry, which owns CompetitiveCyclist.com, said the purchase marks its entry into the European market.
PAAL-BERINGEN, Belgium (BRAIN) — Ridley co-owner and CEO Jochim Aerts and an investment group have bought out the Kumpen family's share of the Belgium bike brand.
BALTIMORE, MD (BRAIN) — Sports clothing brand Under Armour has paid $150 million for MapMyFitness, the digital fitness mapping company that claims to have more than 20 million registered users.
SCOTTS VALLEY, CA (BRAIN) — Fox has completed the acquisition of its German distributor and service center, Toxoholics GmbH, for $2.3 million, the company told investors on an earnings call Wednesday.
BOULDER, CO (BRAIN) — The NPD Group has agreed to buy Leisure Trends Group, a Boulder-based market research company that tracks retail and wholesale sales and inventory figures in the bike industry.
LAS VEGAS, NV (BRAIN) — As Interbike opens Wednesday, Jamis is releasing the news that it has bought the cruiser brand Nirve Sport.
Editor's note: This article, originally published in September 2013, has been edited to clarify that LeMond LLC did not acquire Time USA, but had become the exclusive distributor of Time frames and bikes in the U.S., as well as a non-exclusive distributor of Time pedals.
INDIANAPOLIS, IN (BRAIN) — Joshua Poertner, the former technical director of Zipp Speed Weaponry, has purchased the legendary Italian pump brand, Silca, and plans to relocated the brand and all its production to Indianapolis.
MILAN, Italy (BRAIN)—Luxottica Group reported for a second straight quarter that strong performance in its wholesale division, which includes Southern California-based Oakley, helped propel improved sales for the Italian eyewear company.
BEVERLY, MA (BRAIN) — New Wave AB, the Sweden-based owner of the Craft clothing brand, has bought North American distribution rights to the brand from Karhu North America, which had been distrbuting Craft here since 1999.
NEW YORK, NY (BRAIN) — Serotta and Blue Competition Cycles are joining Mad Fiber Wheels under the umbrella of the Divine Cycling Group, an investment group formed last year. DCG bought Mad Fiber, its first industry acquisition, in February.
TORONTO, Ontario (BRAIN) — Onex Corporation has completed its purchase of Nielsen Expositions, the owner of Interbike, for $950 million.
SAN CLEMENTE, CA (BRAIN) — GrindMedia, which owns Bike and Paved magazines, among others, has purchased TransWorld's action sports brands, which include TransWorld RideBMX as well as its surf, snow and moto titles.
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