Cervélo owner becomes world's largest bike company after buying Cannondale parent firm for $810m

Pon Holdings have acquired multiple cycling brands with the acquisition

(Image credit: Getty Images)

Dorel Industries has sold its Dorel Sports division to Pon Holdings in a deal worth $810m. The acquisition of Dorel Sports sees Pon Holdings become the largest bicycle and e-bike company in the world, exceeding Giant Bicycles. 

The merger will see Cannondale, GT, Caloi and Mongoose, among others, join brands such as Gazelle, Cerevélo, Focus, Santa Cruz, Kalkhoff and Urban Arrow in Pon Holdings' portfolio. 

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Staff Writer

Ryan is a staff writer for Cycling Weekly, having joined the team in September 2021. He first joined Future in December 2020, working across FourFourTwo, Golf Monthly, Rugby World and Advnture's websites, before making his way to cycling. After graduating from Cardiff University with a degree in Journalism and Communications, Ryan earned a NCTJ qualification to further develop as a writer.