Scott Sports Buys Out Probike India & S. Africa Operation
INNSBRUCK, Austria – Probike shareholders Peter Miller and Brandon Els have jointly decided to structure the future of Probike South Africa and India under the Scott Group umbrella.
“Our parent company in South Africa has been taken over by Scott Sports and now we are a fully owned subsidiary of Scott Sports,” informed Jaymin Shah, Country Manager (India), Scott Sports.
Probike is the largest bicycle distributor in Africa. Scott is impressed with the capability and resources of Probike Africa and Probike India. “We have sold around 12,000 bikes in 2011 and our target for 2012 is to sell 18,000 bikes in India,” said Jaymin Shah. Scott retails bikes in a range from INR 5,500 (US$97) to 215,000 (US$3,825) in the Indian market.