Giant subsidiary bids $20 million for Stages Cycling assets

Spia Cycling, Giant's indoor cycling division, hopes to obtain Stages' technology amid bankruptcy proceedings

A Stages Cycling powermeter crankarm
(Image credit: Stages Cycling)

Spia Cycling, Giant Manufacturing's indoor cycling subsidiary, has made a bid to obtain the assets of Stages Cycling LLC and its related companies that filed for bankruptcy in June.

Stages Cycling, known for its power meters, smart stationary bikes, and GPS units, stopped operations in April 2024. At the time, another Giant division, AIPS TECHNOLOGY CO., LTD, filed a suit against Stages for $14 million in unpaid bills. In the shake-up, four prominent Stages Cycling team members joined Giant, in part to spearhead the launching of Spia, Inc.

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Anne-Marije Rook
North American Editor

Cycling Weekly's North American Editor, Anne-Marije Rook is old school. She holds a degree in journalism and started out as a newspaper reporter — in print! She can even be seen bringing a pen and notepad to the press conference.

Originally from The Netherlands, she grew up a bike commuter and didn't find bike racing until her early twenties when living in Seattle, Washington. Strengthened by the many miles spent darting around Seattle's hilly streets on a steel single speed, Rook's progression in the sport was a quick one. As she competed at the elite level, her journalism career followed, and soon she became a full-time cycling journalist. She's now been a cycling journalist for 11 years.