Tag Archives: Pon

Volkswagen Financial Services (VW FS) and Pon Holdings (Pon) have announced a development in their partnership in company bike leasing with VW FS acquiring a 49% stake in the Pon bike leasing subsidiary Bike Mobility Services (BMS). The Memorandum of Understanding (MoU) on this strategic alliance was signed at the …

Dutch company Pon.Bike has officially started construction on its new bike assembly factory in Lithuania.  Pon.Bike, the parent company of established bike brands Cervelo and Santa Cruz among others, is building a 40,000 square meter building in the Kėdainiai Free Economic Zone in central Lithuania, designed for the assembly and …

The organisers of COREbike have announced five new exhibitors for the 2023 edition. Taking place from 19th-21st February at the usual venue in Whittlebury Hall, Towcester, COREbike is is a major trade event on the calendar for many distributors and dealers, with an exclusive list of brands on display. Next …

Iconic BMX brand GT Bicycles has announced a new commercial organisation for 2023 along with a new product strategy.  For more than a decade, GT has shared sales and support teams with Cannondale as part of the Pon Holdings and Dorel Sports group, and was distributed in the UK by …

Peter Woods has stepped down as president and CEO of Dorel Sports, Bicycle Retailer & Industry News has reported. The decision was mutually agreed on, according to a Pon Holdings release, and Woods will continue working for Pon.Bike as a special advisor until the end of the year. In this …

Pon.Bike is to open a new manufacturing facility in Kėdainiai, Lithuania in 2024. The new production centre could scale up to an annual production capacity of 600,000 bikes and will be equipped to produce bikes for multiple brands across the company’s portfolio, including Gazelle, Kalkhoff, Focus, and Urban Arrow. Pon.Bike …

Dorel Industries has completed the previously-announced sale of Dorel Sports, its bicycle segment, to Dutch mobility group Pon Holdings for $810 million, representing approximately CAD $1.03 billion. At closing, Dorel said it received net proceeds from the sale of approximately $735 million, which it will use for payment of a …

Dorel Industries has entered into a definitive agreement to sell Dorel Sports to Pon Holdings for $810 million in cash. Dorel said it expects to use the net proceeds from the sale of approximately $735 million (subject to closing adjustments) to reduce indebtedness, return capital to shareholders and for general …