•   
  •   
  •   

Motorcycles Pon Holdings Acquires Schwinn, Mongoose, and Cannondale Bikes From Dorel Industries

07:45  12 october  2021
07:45  12 october  2021 Source:   fool.com

Best Modern American Motorcycles

  Best Modern American Motorcycles Best Modern American Motorcycles Before you decide to buy a bike, consider supporting American bike builders such as the ones in this list. This list starts with one of the most iconic American brands, Harley-Davidson. The Street Bob is an obvious inclusion with its broad appeal. A lighter chassis makes this bike more manageable than older Harleys, which tend to be quite heavy and challenging to maneuver. Powering the Street Bob is a Milwaukee-8 1,753cc V-twin engine. This gives the bike a sporty feel. The secret behind the lighter weight is the stripped-down, almost naked look.

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

Pon Holdings Acquires Schwinn, Mongoose, and Cannondale Bikes From Dorel Industries © Provided by The Motley Fool Pon Holdings Acquires Schwinn, Mongoose, and Cannondale Bikes From Dorel Industries

Is your pandemic Peloton purchase still stuck in months-long back-order limbo? It may be time to look into buying a non-stationary bike, or, as we used to call them: a bike.

But if you do, you'll now likely be forking over cash to a single seller: Dutch company Pon Holdings, which just purchased a slew of North America's biggest bike brands.

Mountain bike vs road bike: what exactly is the difference?

  Mountain bike vs road bike: what exactly is the difference? Not sure if you need a mountain bike or road bike? And where to gravel bikes fit in? We explain what sets these different types of bike apartThere are certain essential differences between road and mountain bikes that you need to be aware of, and the new niche of gravel biking has added to the potential pitfalls faced by first-time buyers. Read on for a rundown of the differences between the two bike breeds, and once you've figured out which is the right choice for you, head to our best mountain bike or best road bike guides for some product recommendations.

Wheels and Deals

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. The trio of recognizable names is being added to Pon's already-impressive portfolio of two-wheelers, including Gazelle, Santa Cruz, and Urban Arrow — and is enough to make Pon the leading bicycle company in the world.

The deal could be a real money-spinner:

  • Dorel Sports, which also owns the GT, Charge, and Caloi bike brands, brings in $1.2 billion in annual sales. Combined with its current brands, Pon now expects to rake in $2.5 billion in annual global bike sales.
  • The bike-buying boom that began in the pandemic isn't running out of steam. U.S. bike sales were up 65% in the year ending July 2021 compared to two years earlier, according to market research firm NPD Group. E-bike sales grew by 240% in that same period.

Pedal power: With each of it new brands, Pon gains a stronger foothold in three major types of bicycles: with Schwinn, a big manufacturer of casual "beach cruisers"; with Mongoose, BMX and dirt bikes; and with Cannondale, it scores a leading brand of high-end road bikes. But traditional two-wheelers aren't even where Pon's bike division makes most of its money — e-bikes now constitute 70% of its sales.

SPONSORED: None None

Excessive speed: Here e-bikes are flashed .
The Geltinger Birk, a popular nature reserve on the Baltic Sea, wants to have racing e-bike riders in the future in the future. A flasher dummy should help. © Provided by Finanzen.net Sergio Rojo / Shutterstock.com Roughness of e-bikes rises more and more people in Germany decide to buy an electrically operated bike. As the analyzes of the two-wheeler industrial association (ZIV) show, 1.95 million e-bikes were sold in Germany alone and thus 43.4 percent more than in 2019.

usr: 1
This is interesting!