January 04, 2022

Pon Holdings Acquisition of Dorel Sports

Goodmans LLP acted for Pon Holdings B.V. in connection its acquisition of Dorel Sports for US$810 million on a debt and cash free basis.

Pon’s acquisition of Dorel Sports, which includes which includes Cannondale, Schwinn, GT, Mongoose and other bike brands, created a leading bicycle company in the world with a combined revenue of approximately 2.5 billion Euro, and supported Pon Holdings’ strategy to build a complete portfolio of premium and electric bike brands covering all categories.

Pon Holdings, one of the Netherlands largest family companies, is a leading international company and mobility group with 14,000 employees and around 7.5 billion euro revenue. Pon Holdings operates in a variety of markets, ranging from consumer and company cars, bikes to infrastructure & construction machines, generators and marine solutions, as well as in the agricultural sector. The company is active in 40 countries with 80 different companies in five business segments: Automotive, Pon.Bike, Equipment & Power Systems, Industrial Mobility and Agriculture Services & Products.

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