Mergers, Acquisitions & Investments
CLOPPENBURG, Germany (BRAIN) — Pon Holding on Tuesday said it would pay the last shareholders of Derby Cycle 31.56 euros per share to buy out the remaining 5 percent interest in the company.
OGDEN, UT (BRAIN) — Scott USA and Garmont USA will merge U.S. distribution operations, the companies announced this week.
LAS VEGAS, NV(BRAIN) — Showers Pass co-president Ed Dalton has sold his interest in the Portland-based cycling apparel maker to business partner and co-president Kyle Ranson, the company announced Tuesday.
MENDHAM, N.J. (BRAIN) — The owner of Van Dessel, a small bike brand best known on the East Coast for it cyclocross bikes, is looking for an investing partner or a buyer.
LAVAL, Quebec (BRAIN) — A significant announcement relative to Guru Bicycles’ future will come at next week’s Interbike show, and several sources close to the company expect the news to be about a new owner for the Canadian custom frame and fit system manufacturer.
SALT LAKE CITY, UT (BRAIN) Thursday June 7 2012 12:30 PM MT—Outdoor supplier Black Diamond has agreed to buy POC Sweden, a protective gear manufacturer whose product line includes bike helmets.
AUSTIN, TX (BRAIN) Wednesday June 6 2012 11:15 AM MT—Endurance event and media company Competitor Group Inc. and running retailer The Running Speciality Group are among the partners in a new $9 million investment in the fitness app company MapMyFitness.
HEERENVEEN, Netherlands (BRAIN) Wednesday May 23 2012 8:47 AM MT—Accell Group N.V. has completed the purchase of all issued shares in Raleigh Cycle Limited, the company announced Wednesday.
World Triathlon Corporation, the owner of the Ironman events and trademark, has sold its two-year-old magazine to a group of investors that includes WTC executive and former Triathlete magazine owner John Duke.
SARATOGA SPRINGS, NY (BRAIN) Wednesday May 9 2012 5:59 PM MT—Serotta has entered into a partnership agreement with financial services firm Bradway Capital to accelerate the handcrafted bike manufacturer’s research, design and production.
BLOOMINGTON, MN (BRAIN) Thursday May 3 2012 12:18 PM MT—Steve Flagg and Mary Henrickson have acquired a majority stake in SmartEtailing, developer of websites and software for more than 1,000 U.S. specialty bike dealers.
CHATTANOOGA, TN (BRAIN) Tuesday May 1 2012 3:38 PM MT—Peter Hurley, currently CEO and president of American Bicycle Group, has acquired a majority interest in the company, ABG announced Tuesday.
CLOPPENBURG, Germany (BRAIN) Friday April 27 2012 3:05 PM MT—Derby Cycles’ license to sell Raleigh in parts of Europe will continue even as one of its primary competitors, Accell Group, takes over ownership of the British brand.
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