Mergers, Acquisitions & Investments

Van Dessel looking for partnership

Posted September 18, 2012

MENDHAM, N.J.  (BRAIN) — The owner of Van Dessel, a small bike brand best known on the East Coast for it cyclocross bikes, is looking for an investing partner or a buyer.

Potential sale for Guru Bicycles

Posted September 11, 2012

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.

Black Diamond to buy POC Sweden

Posted June 7, 2012

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.

CGI, Run.com among new investors in MapMyRide

Posted June 6, 2012

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.

Accell Group completes purchase of Raleigh

Posted May 23, 2012

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.

WTC sells Lava magazine to investors

Posted May 17, 2012

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.

Serotta partners with financial services firm

Posted May 9, 2012

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.

Flagg buys majority of SmartEtailing

Posted May 3, 2012

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.

Hurley acquires majority interest in ABG

Posted May 1, 2012

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.

Derby to keep selling Raleigh in Europe

Posted April 27, 2012

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.

Meineke: We want to be a top-5 supplier

Posted April 26, 2012

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.

Accell buys Raleigh

Posted April 26, 2012

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.

Shimano Europe buys bike fitting business

Posted April 4, 2012

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.

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