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.
WASHINGTON, DC (BRAIN) Thursday April 26 2012 9:55 AM MT—Raleigh America president Steve Meineke said the brand's acquisition by Accell Group will allow it to return to the top tier of U.S. bike brands.
LONDON, UK (BRAIN) Thursday April 26 2012 6:15 AM MT—Accell Group NV has completed its purchase of Raleigh Cycle Ltd., one of the oldest and largest bike companies in the world, for about $80 million.
NUNSPEET, Netherlands (BRAIN) Wednesday April 4 2012 9:16 AM MT—Shimano Europe Holding has bought Bike Fitting BV, a 25-year-old Dutch company that develops bike fit measuring instruments.
SEATTLE, WA (BRAIN) Tuesday April 3 2012 4:39 PM MT—The sun never sets on Raleigh, a 125-year-old company with operations across the British Commonwealth and beyond.
HEERENVEEN, Netherlands (BRAIN) Tuesday April 3 2012 7:27 AM MT—Accell Group is in talks to buy Raleigh Cycle Limited, the owner of the Raleigh, Avenir and Diamondback brands.
Editor's note: The following article appears in the March 15 issue of Bicycle Retailer & Industry News.
By Steve Frothingham
BAY SHORE, NY (BRAIN) Feb 23, 12:19 MT— White Lightning has bought the company that markets the Chain Condom, a product designed to protect car interiors from bike chains. White Lightning is renaming the product the Chain Johnny.
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.
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.
TORONTO, Canada (BRAIN) Feb 14, 14:10 MT—Cervélo's relationship status with Pon Holdings remains, to use Facebook terminology, complicated.
EINDHOVEN, Netherlands (BRAIN) Feb 9, 14:13 MT— The Dutch owners of Lake Cycling have sold the shoe brand to Lake Cycling International B.V., a newly formed company also based in the Netherlands.