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  1. pon.com › pon-data › uploadsPon Holdings to acquire Dorel Sports, creating a world ...

    Pon Holdings and Dorel Industries Inc., the parent company of Dorel Sports, today announced the acquisition. The combination of Pon.Bike and Dorel Sports creates a bicycle company with the strongest portfolio of iconic and quality brands.

  2. www.bike-eu.com › 41466 › pon-becomes-biggest-inPon becomes biggest in bicycles with Dorel Sports take-over

    Oct 12, 2021 · 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 the biggest bicycle and e-bike company in the world exceeding Giant Bicycles.

  3. www.globenewswire.com › news-release › 2021/10/11Dorel Signs Definitive Agreement to Sell Sports Segment to

    Oct 11, 2021 · The definitive sale agreement with Pon Holdings follows a strategic review and a competitive sales process. Dorel believes that the 100% cash transaction will crystalize significant proceeds...

  4. www.bicycleretailer.com › industry-news › 2021/10/11Pon agrees to buy Dorel Sports for $810 million | Bicycle ...

    Oct 11, 2021 · MONTREAL (BRAIN) — Dorel Industries has agreed to sell Dorel Sports to Pon Holdings for $810 million in cash. Dorel Sports is the parent group of Cannondale, Schwinn, GT and Mongoose. Pon Holdings is the parent of many bike brands, including Cervélo, Santa Cruz, and Gazelle.

  5. www.thedailyupside.com › industries › electricPon Holdings Acquires Schwinn, Mongoose, and Cannondale Bikes ...

    Oct 12, 2021 · On Monday, Pon announced its $810 million acquisition of Dorel Sports — which includes the Cannondale, Schwinn, and Mongoose bike brands — from current Canadian owner Dorel Industries.

  6. bikerumor.com › cervelo-santa-cruz-cannondale-gtPON acquires Dorel, puts Cervélo, Santa Cruz, Cannondale, GT ...

    Oct 11, 2021 · Today, the Netherlands-based bike giant Pon Holdings announced one of its biggest purchases yet. With the addition of another bicycle giant, Dorel Sports. The move creates a massive bike conglomerate, with a projected combined revenue of around $2.9 billion.

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  8. financialpost.com › globe-newswire › dorel-signsDorel Signs Definitive Agreement to Sell Sports Segment to ...

    Oct 11, 2021 · The definitive sale agreement with Pon Holdings follows a strategic review and a competitive sales process. Dorel believes that the 100% cash transaction will crystalize significant proceeds and will unlock the full value of the Dorel Sports business for Dorel shareholders.