SCHAFFHAUSEN, Switzerland (BRAIN) — Garmin Ltd. has acquired iKubu (Pty) Ltd., a South African company that has developed a rear-facing radar system for bicyclists. iKubu introduced its Backtracker device at the Eurobike show last summer.
AMSTERDAM (BRAIN) — Reed Business BV, owner of Bike Europe, plans to sell off the European trade magazine along with 16 other business-to-business magazines and brands to Dutch publishing house B+B Vakmedianet.
BURNABY, British Columbia (BRAIN) — Fox Factory Holding Corp., the parent of the Fox suspension brand, has purchased Race Face Performance and Easton Cycling, the companies announced Friday.
DURHAM, N.C. (BRAIN) — Implus Corp., known for its athletic products including Sof Sole, Yaktrax and Sneaker Balls, has acquired Trigger Point Performance.
Trigger Point makes a line of self-care products for athletes, including Grid foam rollers. A purchase price was not released.
LÉVIS, Quebec (BRAIN) — Hawley-Lambert, parent company of U.S. distributor Hawley USA and Canadian distributor Lambert, has signed a letter of intent to acquire Simcoe Bicycles, a city bike manufacturer based in Toronto.
HEERENVEEN, the Netherlands (BRAIN) — Accell Group N.V. has acquired Spanish parts and accessories supplier Comet S.L. Comet has exclusive distribution agreements with various major brands and sells bike parts and accessories to specialty retailers in Spain, France and Portugal.
SEATTLE (BRAIN) — K2 Sports has entered into an agreement to acquire custom cycling and triathlon apparel brand Squadra. The purchase complements K2 Sports’ growing portfolio of endurance sports brands, including Zoot Sports.
LONDON (BRAIN) — Future plc has agreed to sell its Sport and Craft titles, including its cycling magazines and cycling websites, to Immediate Media Company for £24 million ($40.1 million), the company announced early Thursday.
CHATTANOOGA, Tenn. (BRAIN) — American Bicycle Group has bought Tri-Cycle Bicycle Rentals, which rents bikes at multisport events in the Northeast.
SCOTTS VALLEY, Calif. (BRAIN) — Chris Tutton, the new owner of the Easton cycling business, says that under his ownership the brand will get back to its roots as a scrappy, entrepreneurial business.
SCOTTS VALLEY, Calif. (BRAIN) — Say goodbye to those public quarterly earnings reports and investor conference calls from Easton-Bell Sports. The termination of those reports is just one of the several changes resulting from the company's sell-off of its Easton-branded businesses.
SCOTTS VALLEY, Calif. (BRAIN) — BRG Sports Inc. has agreed to sell its Easton cycling business to Chris Tutton, an industry veteran who owns Race Face Performance Products and is a former Easton OEM sales manager.
VAN NUYS, Calif. (BRAIN) — Easton-Bell Sports, Inc. has agreed to sell its Easton baseball and softball business to Bauer Sports for $330 million, the company announced Thursday. It also said it is close to selling its Easton hockey business to "a third party."
VEVEY, Switzerland (BRAIN) — The iconic brand PowerBar has a new owner—Post Holdings, the maker of Grape-Nuts, Post Raisin Brand, Honey Bunches of Oats and other foodstuffs. Nestle SA sold the brand, along with its Australian sport nutrition company, Musashi, to Post. Nestle made the announcement Monday.
VISTA, Calif. (BRAIN) — Twenty-five days after Trek announced its purchase of Electra, Skip Hess, who led the brand’s development for almost five years, stepped down Friday telling Electra’s staff his decision to leave is effective immediately.