Mergers, Acquisitions & Investments
LONG BEACH, Calif. (BRAIN) — Zwift purchased real routes online platform Rouvy in an acquisition labeled as a strategic cooperation in which each will maintain independent operations. Terms of the deal were not disclosed.
FORT LAUDERDALE, Fla. (BRAIN) — Life Electric Vehicles CEO Rob Provost has high expectations for Rad Power Bikes after officially acquiring the beleaguered brand for $13.3 million March 5. And he's looking farther ahead.
SEATTLE (BRAIN) — Life Electric Vehicles completed the court-approved acquisition of Rad Power Bikes, the Florida-based e-mobility company said Thursday.
HEERENVEEN, Netherlands (BRAIN) — After leading a group that purchased Accell Group in 2022 for approximately $1.77 billion, US-based investment giant KKR has stepped away from the troubled Dutch bicycle conglomerate, as a new ownership group led by its lenders takes over.
LONDON (BRAIN) — Head Group has acquired the London-based cycling apparel brand Le Col from Puma Growth Partners, which has invested at least 14.4 million pounds ($19.5 million at today's exchange rate) in the brand since 2018.
AMSTERDAM (BRAIN) — Fundracer, the micro-mobility investment fund founded by several cycling industry veterans, is investing in a Belgian company that is developing safety airbags for cyclists.
LA CROSSE, Wis. (BRAIN) — A nonprofit manufacturer with a commercial outdoor and consumer products subsidiary purchased U.S.-made custom sports apparel company Borah Teamwear for an undisclosed price.
LOUISVILLE, Colo. (BRAIN) — Wheels Manufacturing acquired accessory manufacturer Mirrycle Corporation, which includes the Incredibell brands. Financial details, including the purchase price, were not released.
MILAN (BRAIN) — Dutch conglomerate Accell Group has sold the titanium frame brand Van Nicholas to Italian cargo brand Velo-ce.
TUCSON (BRAIN) — Industry veteran Michael Forte announced his acquisition of The Bike Shop List, a source of bicycle shop locations and brand information across North America.
VICENZA, Italy (BRAIN) — Former Crankbrothers CEO Gaspare Licata leads a group of private investors that acquired a majority interest in Extreme Racing Shox (EXT), a manufacturer of bike and motorsports suspension systems.
STOCKHOLM (BRAIN) — MIPS has acquired all shares of body and head impact protection brand Koroyd for 40 million euros ($46.9 million). Based in Monaco and founded in 2010, Koroyd will continue to operate separately under its current leadership team, said Max Strandwitz, MIPS president and CEO.
CUMBRIA, United Kingdom (BRAIN) — U.K.-based capital investor BGF has made a "multi-million-pound" investment in bike retailer POS company Citrus-Lime.
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