Dorel Sports officially in hands of Pon Holdings

MONTREAL, Canada - Dorel Industries has completed the sale of Dorel Sports, its bicycle segment, to the Dutch mobility group, Pon Holdings. For the sale price of US $810 million, Pon now has brands including Cannondale, Schwinn, GT, Caloi and Mongoose in its hands.
The sale of Dorel Sports, which includes the brand Cannondale, to Pon Holdings has now been completed. - Photo Cannondale