3T Acquires Carbon Component Manufacturer THM
BREMBATE, Italy – 3T Cycling Srl will acquire THM Carbones GmbH. Both companies signed an agreement for 3T, based in Italy, to purchase all shares of German based THM from its founder Thomas Mertin. The deal will be completed in August.
“THM embodies the essence of German engineering, with a no-compromise approach to designing and building the world’s best performing cranks, forks and brakes. Everything from first concept to final production takes place at their own facility in Alt Duvenstedt, Germany,” explain 3T CEO and co-owner René Wiertz.
THM involved in 3T product development
“The arrangement will see THM continue to focus on making its world-leading components in Germany, while 3T will ensure those products can reach the end consumer anywhere in the world more easily. Furthermore, 3T will provide THM with greater resources to develop new products. THM’s technical team will also be involved in 3T’s new product development.”
Announcing the deal, René Wiertz said, “I am very happy we came to an agreement. With THM making the lightest possible components and 3T focusing on aerodynamics, it’s a perfect fit. Together we can create a company with a global reach and unrivalled technical capability. Our products are complementary.”
Manufactured in Germany
THM founder Thomas Mertin says: “This is a great opportunity for THM. The agreement with 3T gives us a global distribution network to expand our brand. THM has a clear roadmap to deliver top-notch products, manufactured in Germany. With 3T’ backing and commercial strength, we will be able to focus even more on the technical side and leave sales and distribution to 3T.”
Gerard Vroomen, co-owner of 3T says: “I’ve known Thomas for a long time and always admired not only his products but also his whole outlook on technology, business and the bike industry.”
After the deal is closed, which is expected to happen in August of this year, Thomas will focus on the technical development, whereas René takes on the CEO role for both 3T and THM.