Mergers, Acquisitions & Investments
KETCHUM, ID (BRAIN)—What will Scott Sports do with the Syncros brand now that it owns it?
KETCHUM, ID (BRAIN)—Scott Sports has bought the components and accessories brand Syncros from Ritchey Design, Scott and Ritchey announced Tuesday.
Scott said the brand, most recently known for its downhill mountain biking products, will be expanded into the road and cross-country markets.
Dutch conglomerate Pon, which recently bought Derby Cycle, has agreed to 'a financing arrangement' with Cervélo and has retained an exclusive option to purchase the Canadian company.
Cervélo announced the agreement late Friday on its website:
CHATSWORTH, CA (BRAIN)—Those who have been patiently plugging away at e-bike sales in the U.S. hope Dutch juggernaut Accell Group’s entry into the market will be the shot in the arm the industry needs to jumpstart the sluggish category.
HELSINKI, Finland (BRAIN)—Amer Sports, the Finnish owner of Mavic, will acquire women’s snowboard apparel brand Nikita as part of its priority to grow faster in soft goods.
Amer also owns Salomon, Wilson, Atomic, Arc’teryx, Precor and Suunto.
ALMERE, Netherlands (BRAIN)—Pon Holdings now controls 92 percent of Derby Cycle Werke with the recent close of a second acceptance period of the Dutch company’s voluntary takeover offer.
HEEREVNVEEN, Netherlands (BRAIN)— Accell Group N.V., the Dutch group that owns Seattle Bike Supply as well as the Batavus, Koga, Sparta, and other European specialty brands, has bought Van Nicholas, a Dutch titanium bike manufacturer.
PORTSMOUTH, UK (BRAIN)—Online UK bike retailer Wiggle has been acquired by European private equity firm Bridgepoint for 180 million British pounds ($282.5 million).
VISTA, CA (BRAIN)—Leemarc Industries, parent company of Canari Cyclewear, is the new owner of women’s cycling apparel brand Shebeest, company officials confirmed with Bicycle Retailer Tuesday.
GRENCHEN, Switzerland (BRAIN)—BMC’s Andy Rihs and e-bike brand Stromer’s Thomas Binggeli have joined their companies under one banner, International Sport Holding (ISH). In doing so, the pair hope to give Swiss technology and manufacturing a boost in the international market.
TUCSON, AZ (BRAIN)—Genuine Innovations is now a part of Illinois Tool Works (ITW), which runs 840 businesses in 57 countries and is one of the nation’s largest companies.
HERZOGENAURACH, Germany (BRAIN)—Adidas announced Thursday that it signed a share purchase agreement to acquire outdoor action sports brand Five Ten.
CLOPPENBURG, Germany (BRAIN)—Derby Cycle management board issued its opinion Tuesday supporting Pon Holding’s takeover offer, a key step before the transaction closes.
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