Cycling Sports Group Europe, part of Pon.Bike, has announced the closure of the Cannondale facility in Almelo, the Netherlands. The production of the Cannondale bikes will be relocated to Germany and Lithuania. 'Almelo' no longer fits in Pon.Bike's multi-brand strategy, which includes a flexible production network.
The worldwide bike market experienced another turbulent year in 2025. Under these circumstances, "Pon.Bike stabilised its turnover at around €2 billion and remained a profitable business with positive operating earnings," owner Pon Holdings announced yesterday. One of the industry's largest bicycle manufacturers states that business again proved to be resilient thanks to its diversified portfolio and market position.
JINAČOVICE, Czech Republic - The distribution of Pon's premium US bicycle brands Cannondale and GT Bicycles in Central- and Eastern-Europe has been taken up by Aspire Sports S.R.O. "The partnership with Aspire Sports will allow us to leverage the Czechs' expertise in this part of Europe to increase the presence of the brands and expand into new territories," emphasises Cannondale and GT Vice President of Int'l Distributor Sales & Marketing Seth Brosnan.
WILTON, USA - Cannondale has announced a new long term global strategy and reorganisation to a unified structure. "Our aim is to accelerate the brand's profile in key categories and forge deeper connections with riders," said Cannondale MD Marco Kind. He also announced that Cannondale Europe general manager Eugene Fierkens will leave the organisation.
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.
ZEIST, the Netherlands - It's been a busy year for the international bicycle industry. High demand for bicycles, notably e-bikes, driven by the COVID pandemic and the push for greener cities has brought high level investments. But, high shipping costs has brought high blood pressure for those trying to secure parts.
