https://www.bike-eu.com/market/nieuws/2 ... r-10141466
AMSTERDAM, the Netherlands - Dorel Industries and Pon Holdings agreed on the acquisition as announced today. The sale is expected to close before the end of the first quarter of 2022. Pon Holdings reports a combined revenue of € 2.5 billion, making it biggest bicycle and e-bike company in the world exceeding Giant Bicycles.
The new conglomerate will combine well known A-brands such as Cannondale, Schwinn, Caloi, Gazelle, Swapfiets, Kalkhoff, Cervélo and Santa Cruz. Pon Holdings acquires Dorel Sports for a total consideration of € 700 million, on a debt and cash free basis. The transaction has been recommended unanimously by the Boards of both companies. The transaction is subject to customary regulatory approvals.
