Tag Archives: acquisition

Strava has announced the acquisition of Fatmap, a mobile app for discovering, planning, navigating and memorialising outdoor adventures. The acquisition will give Strava subscribers access to the full Fatmap offering and is part of Strava’s ongoing investment to provide a ‘best-in-class digital experience for people who are striving for an …

Rebecca Morley hears from Cadence Performance’s Mike Cunningham on the business’ latest store acquisitions

Manufacturer and online retailer of consumer products C+A Global has acquired Saris at a bankruptcy auction. Saris manufactures bike racks, bike trainers, bike storage racks, as well as public bike systems and infrastructure. By leveraging its manufacturing and sales background, C+A Global plans to ‘breathe new life’ into the Wisconsin-based …

Global insurance fintech Two Three Bird (TTB) has purchased UK cycle insurance provider and breakdown cover specialist ETA Services. TTB chief executive officer, Theo Grobler, said: “The acquisition of the ETA strengthens our position in the aim to be the largest insurer of bicycles and electromobility/green mobility in the world. …

MiddleGround Capital has acquired HLC, a distributor of bicycle parts and accessories in North America. Headquartered in Lévis, Quebec and Lexington, South Carolina, HLC distributes more than 170 brands including SRAM, Shimano, Garmin, ABUS, RockShox, Kuat, Tacx and Muc-Off. HLC also has a portfolio of owned brands including Evo, WheelShop, …

Cadence Performance has announced its latest retail store location, taking over Evernden Cycles as the previous owners venture into retirement. The store will join the growing family at Cadence Performance as it opens its sixth location. Earlier this year, Cadence Performance announced it was taking control of Giant St Paul’s, …

Promovec Holdings has strengthened its presence in the UK with the full acquisition of Batribike. The Batribike brand was established in the UK in 2007 by the Coulson family. In 2017 in a strategic move to increase market penetration within the UK and EU they formed a new company, Batribike …

Vista Outdoor has entered into a definitive agreement to acquire California-based Fox Racing. The purchase price is $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance. Jeffrey McGuane, CEO of Fox Racing, will continue to lead the company following the closing of …

The KKR-led consortium set to acquire Accell Group will move forward with its offer despite not meeting the 80% acceptance threshold. The Accell Group has announced that 77.8% of shares are now tendered or committed, as in addition to the 73.53% of the shares tendered or committed on 3rd June 2022, …

Porsche has taken over Fazua, a manufacturer of light and compact drive systems for e-bikes. The Stuttgart-based sports car manufacturer has now acquired all of Fazua’s shares, after buying into the company with a 20% stake earlier this year. “In Fazua, we have found a strong partner with a great …