Tag Archives: acquisition

KKR-led consortium proceeds with Accell Group acquisition

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, …

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Porsche takes over e-bike drive systems manufacturer Fazua

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 …

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Strava acquires injury prevention app Recover Athletics

Strava has acquired Recover Athletics, a prehab app for runners. The acquisition will give all Strava subscribers access to Recover Athletics content including personalised prehab and injury prevention exercise plans. “Recover Athletics addresses a fundamental problem for athletes and provides an avenue to avoid painful periods of injury in order …

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Cadence Performance taking control of Giant St Paul’s

Cadence Performance has announced it is taking control of Giant St Paul’s, based in the heart of London. Cadence said it looks forward to bringing the St Paul’s team into the Cadence family of four existing stores – Crystal Palace, Radlett, Twickenham and Shoreham-by-Sea. “Our relationship with the team at …

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United Sports Brands acquires cycling brand Pearl Izumi from Shimano

United Sports Brands (USB) has acquired Pearl Izumi USA from Shimano. The manufacturer and retailer of cycling apparel and accessories will join USB’s portfolio of protective and performance sports equipment sold under the Shock Doctor, McDavid, Cutters, Nathan, and Glukos brands. Pearl Izumi was founded in Tokyo in 1950 and …

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TVS Motor Company acquires UK distributor Ebco

TVS Motor Company has acquired a majority interest in Ebco Ltd, which owns the Ebco brand and distributes German brand Corratec (IKO Europe GmbH). For two and three-wheeler manufacturer TVS Motor, acquiring Ebco is the latest phase of its initiative to establish a solid European footprint in the e-bike market. …

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Storskogen UK takes majority stake in Extra UK

Extra UK has secured an investment from Storskogen UK, which has acquired a majority shareholding in the business. Extra UK is a leading distributor of quality cycling products and represents a number of market-leading brands on an exclusive basis, supplying cycle retailers throughout the UK and Ireland. Its carefully curated …

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Cycling apparel brand Velocio sells to SRAM

Velocio apparel has been sold to SRAM, the brand has announced. Velocio was launched in 2013 by “a drive for a better cycling product, a better cycling culture, and a deeper commitment to responsible manufacturing”, and today is “a brand we’re really proud of, the brand we set out to …

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Porsche acquires stake in e-bike drive systems manufacturer Fazua, plans joint ventures with Ponooc

Porsche is expanding its involvement in the e-bike market, acquiring 20% of the shares in e-bike drive systems manufacturer Fazua with an option to purchase further shares. Fazua, from Ottobrunn, near Munich, was founded in 2013 and is a pioneer in the development of lightweight, compact drive technologies. It established …

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Inflexion signs definitive agreement to acquire enviolo

Inflexion has signed a definitive agreement to acquire enviolo. Headquartered in the Netherlands and with additional operations in Austin, Texas, enviolo designs and develops transmission systems for high-quality e-bikes mainly for the European and North American markets. The company’s proprietary technology enables cyclists to intuitively adjust the gear ratio. Inflexion …

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