Industry News

On Friday, after months of negotiations, Cervélo founders and owners Phil White and Gerard Vroomen sold their 16-year old company to Pon Holdings, the Dutch company that also owns Germany's Derby Cycle and the Holland's Gazelle.

Tagged Mergers & Acquisitions

ALMERE, Netherlands/TORONTO, Canada (BRAIN) Feb 17, 1:00 MT—Pon Holdings announced today that it has finalized negotiations that began in December to acquire Cervélo Cycles.

Tagged Mergers & Acquisitions

CULLOWHEE, NC (BRAIN) Feb 17, 11:19 MT—Construction will begin this spring to develop a 350-acre public trail network on Western Carolina University land here.

Tagged Advocacy/Non-profits

Scott Sports hires Sibly for Eastern field marketing • ENVE Composites launches all-carbon downhill rim • USA Cycling releases American Mountain Bike Challenge schedule • DT Swiss makes Vancouver's Suspension Werx a factory-authorized suspension center • Fox promotes new engineering manager • Fyxation releases ro

FSA opens UK technical office • A Dahon for every employee

GOSPORT, HAMPSHIRE, UK (BRAIN) Feb 16, 09:57 MT—Full Speed Ahead is opening a UK technical support office at Windwave, its UK distributor.

SAN JUAN CAPISTRANO, CA (BRAIN) Feb 15, 15:27 MT—Former world champion downhill racer Leigh Donovan is joining Interbike as an account executive.

Tagged People / Interbike

OGDEN, UT (BRAIN) Feb 15, 11:12 MT—Ronnie Points, formerly of Orbea USA, has joined ENVE as national sales manager, the company announced Wednesday.

Tagged People

TAMPA, FL (BRAIN) Feb 15, 10:51 MT—The World Triathlon Corporation has acquired USM Events, an Australian event management company and the owner of multisport festivals at Noosa, Cairns, Mooloolaba and Geelong.

Tagged Racing & Sponsorship

CLOPPENBURG, Germany (BRAIN) Feb 15, 10:39 MT—Germany’s Derby Cycle started its financial year with a 6.6 percent sales gain during the traditionally weak months for bike sales.

Tagged Earnings/Financial Reports

Jeep partners with NICA • Tern provides bike shares at SXSW festival • Liv/Giant official bike of Danskin Triathlon Series • Lazer Sport offers kids helmets with new technology

TORONTO, Canada (BRAIN) Feb 14, 14:10 MT—Cervélo's relationship status with Pon Holdings remains, to use Facebook terminology, complicated.

Tagged Mergers & Acquisitions

Author Sue Macy to keynote women's cycling forum • Cyclone Bicycle Supply and KNOG plan product launch party • New website offers help with European standards • Primal/MapMyRIDE-BH Bikes women's team announces 2012 squad • USA Pro Cycling Challenge hosts second poster contest • Challenge Tires announces sponsore

SCOTTS VALLEY, CA (BRAIN) Feb 14, 10:41 MT—Mark Jordan, the former editor of Decline magazine, has joined Fox's bicycle division as global marketing communications manager. Jordan will be charged with communicating the Fox mountain bike product line to the media and consumers.

Tagged People

Yuba opens distributor Down Under, adds new hires • U.S. Bicycling Hall of Fame launches Legends Gran Fondo May 6 • A social network for bike shops launched

MISSOULA, MT (BRAIN) Feb 14, 00:01 MT—Five years after unveiling its

Tagged Advocacy/Non-profits

Fizik enters aftermarket insole market • German bike expo VELOBerlin second show planned for March • Correia launches adventure touring company • Hayes is title sponsor of Niner's demo program • Giant sales rep sets masters hour record

NEUBIBERG, Germany (BRAIN) Feb 13, 06:56 MT While the rest of the publishing world is figuring out how to supplement print products with digital and online coverage, the team behind the velobiz.de website is doing the opposite.

WASHINGTON, DC (BRAIN) Feb 10, 15:48 MT Suppliers imported 15.6 million bikes last year, down 4.1 million from 2010’s record 19.8 million bikes, according to the U.S. Department of Commerce. Imports were 2.5 million bikes below the prior-eight-year average of 18.1 million units.

VAN NUYS, CA (BRAIN) Feb 10, 09:50 MT —Easton-Bell Sports has appointed new presidents of its Bell/Blackburn and Giro/Easton divisions as the company looks to increase the differentiation between each brand.

Tagged People

LONDON, England (BRAIN) Feb 10, 07:19 MT — Future plc, the owner of Cyclingnews.com, BikeRadar.com websites, and Cycling Plus and Procycling magazines, is reporting a slight overall decline in revenue over its first quarter, but a 41 percent increase in digital revenues.

Tagged Earnings/Financial Reports

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