Cervélo and Cannondale owner Pon.Bike's turnover hits £2 billion, doubling from 2022

Dutch company also owns Gazelle, Santa Cruz and Focus, and acquired Dorel Spo rts in 2021

Jumbo-Visma Cervélo
(Image credit: Getty Images)

Dutch company Pon.Bike, the owners of Cervélo and Cannondale, has reported a turnover of €2.4 billion (£2.1 billion) in 2022, almost double its 2021 sales of €1.3 billion.

The brand is a cluster within the larger Dutch transport conglomerate Pon Holdings, who declared sales exceeding €10 billion. The company acquired Dorel Sports in early 2022, which meant adding the likes of Cannondale and Mongoose to its portfolio.

Thank you for reading 20 articles this month* Join now for unlimited access

Enjoy your first month for just £1 / $1 / €1

*Read 5 free articles per month without a subscription

Join now for unlimited access

Try first month for just £1 / $1 / €1

Adam Becket
News editor

Adam is Cycling Weekly’s news editor – his greatest love is road racing but as long as he is cycling on tarmac, he's happy. Before joining Cycling Weekly he spent two years writing for Procycling, where he interviewed riders and wrote about racing. He's usually out and about on the roads of Bristol and its surrounds. Before cycling took over his professional life, he covered ecclesiastical matters at the world’s largest Anglican newspaper and politics at Business Insider. Don't ask how that is related to cycling.