Mergers, Acquisitions & Investments
CARBONDALE, Colo. (BRAIN) — Adam Miller is back to lead the Revel Bikes' revival after announcing Wednesday the purchase of the company's assets.
NOTTINGHAM, United Kingdom (BRAIN) — Interactive Strength Inc. has agreed to acquire Wattbike, an indoor stationary bike training platform, in an all-stock transaction.
IWATA, Japan (BRAIN) — Yamaha Motor Co. has agreed to buy Brose's e-bike drive unit subsidiary.
TAICHUNG, Taiwan (BRAIN) — China’s Zhonglu Co, through one of its subsidiaries, has acquired a 21% share in Factor Bikes while a private equity firm that includes Factor CEO Rob Gitelis also has made an investment. Together the two entities have acquired a majority share in Factor from exiting non-management shareholders, the company told BRAIN.
PRAGUE (BRAIN) — Indoor cycling app Rouvy has acquired its fellow app brand FulGaz from the IRONMAN Group. Rouvy has added the 20 most popular FulGaz courses, including courses from real-world Ironman and Ironman 70.3 events.
FulGaz users can continue to use the platform as usual for now.
WESTPORT, Conn. (BRAIN) — Fifteen years after acquiring the juvenile products brand Ergobaby, Compass Diversified Holdings has sold the brand to Highlander Partners, a Dallas-based private investment firm.
PROVIDENCE, R.I. (BRAIN) — Revelyst, the former Vista Outdoor business unit that includes its bicycle-related brands, has been sold to Strategic Value Partners, LLC and its affiliates in an all-cash transaction based on an enterprise value of $1.125 billion.
BIELLA, Italy (BRAIN) — Selle Italia has acquired a fellow Italian cycling brand with a long history: Vittoria Cycling Shoes.
SALT LAKE CITY (BRAIN) — Rhino-Rack, a division of Clarus Corporation has acquired Colorado's RockyMounts, which specializes in bike racks and accessories.
ANOKA, Minn. (BRAIN) — Vista Outdoor took a major step closer to selling its Revelyst business — including bike industry brands Bell, Giro, Camelbak and Fox Racing — to Strategic Value Partners for $1.125 billion next month.
NEVERS, France (BRAIN) — LOOK Cycle has acquired Pembree, a British brand that makes gravity pedals and accessories.
STOCKHOLM (BRAIN) — Thule Group signed an agreement to acquire Australian phone mount manufacturer Quad Lock for AU$500 million ($327 million).
TAIPEI, Taiwan (BRAIN) — Giant Group's sales in the first nine months of its fiscal year were down 7.1% compared to the same period last year. The company said that while bike inventory levels continue to decline in Europe and North America, order placement by the company's OE and retail customers is conservative.
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