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WiggleCRC confirms acquisition of retail specialist Bike24 in Germany

WiggleCRC, the leading online retailer of cycling, running, swimming and triathlon products and accessories, has today confirmed the acquisition of Bike24. Bike24 is a leading German e-commerce retailer of cycling and tri-sports equipment, accessories and apparel, which also operates in the markets of Austria and Switzerland. WiggleCRC notes that Bike24 is a fast growing and profitable business, operating in Europe’s largest cycle market, with reported revenues in 2016 of €84.5m. …Read More

Communities & sports divisions of ACTIVE Network acquired

Global Payments has reportedly completed the acquisition of the communities and sports divisions of ACTIVE Network, according to a release from the company this week and a news item via Nasdaq. The deal was funded in cash and stock; and Global Payments reportedly used its revolving credit facility to fund the cash consideration of US$600 million. Full terms of the transaction were not disclosed in the release from Global Payments; although …Read More

Global Triathlon Network (GTN) gets official launch

From Play Sports Network, the group behind Global Cycling Network (GCN), comes the Global Triathlon Network (GTN), which has officially launched on YouTube, Facebook, Twitter and Instagram. GTN is a brand new video channel positioned at triathletes of any ability… ‘from seasoned IRONMAN racers to first timers, and everyone in between – with content that entertains and informs in equal measure.’ GTN is the latest channel from the specialist cycling …Read More

RZC Investments secures majority stake in Rapha

Cycling lifestyle brand Rapha has announced that US-based RZC Investments is now the majority shareholder in the business. Rapha has been owned since launch by Simon Mottram and a group of founder shareholders, including lead investor, Active Partners. As reported by Sky News, RZC Investments was set up by Steuart and Tom Walton, both grandsons of Sam Walton, the founder of retail giant Walmart. RZC Investments is backing Rapha founder …Read More

Triathlon Mixed Relays confirmed for Tokyo 2020 Olympics

The International Triathlon Union (ITU) is pleased to announce that the Triathlon Mixed Relays has been included on the programme for the Tokyo 2020 Olympic Games. The International Olympic Committee (IOC) announced on Friday 9 June the new events added for the next Olympics, which will be Triathlon Mixed Relays, Basketball 3×3, Archery Mixed Team event, 4×400 mixed relays in athletics, BMX freestyle Park, Madison in cycling, team events in …Read More

IRONMAN hits a home run with Competitor Group acquisition

IRONMAN has acquired 100% of Competitor Group Holdings (CGI). A release from Wanda Sports owned IRONMAN noted that, ‘The combined entity further establishes IRONMAN as the leading endurance sports organization in the world.’ “This is an important step in the growth IRONMAN has seen over the last decade,” said Andrew Messick, Chief Executive Officer for IRONMAN. “As a globally recognized endurance brand, the acquisition of the world’s largest running platform …Read More

UK triathlon industry on the up, generating £445m in 2016

Between Alistair Brownlee’s gold medal-winning exploits in Hyde Park in 2012 and on Copacabana Beach in 2016, the UK triathlon industry grew by 57% to arrive at an industry worth £445 million in 2016, according to the fifth annual research study of Britain’s multisport community by the Triathlon Industry Association (TIA). The study, which comprised an in-depth quantitative survey of 5,529 triathletes and multiple trade interviews, found that the UK’s …Read More

And another deal! Human Race takes on the Fred Whitton Challenge

The guardians of the Saddleback Fred Whitton Challenge and the local Lakes Road Club in Cumbria have decided, ‘after nurturing the legend of Fred through this iconic sportive since 1999’, to team up with mass event organisers Human Race, itself owned by Tour de France owners (Amaury Sport Organisation, A.S.O) to help continue to develop the event ‘for many years to come’. Terms of the deal were not disclosed. This …Read More

Expanding to the masses: Human Race acquires Xtra Mile Events

Human Race has become one of the most significant players across running, cycling and triathlon events in Britain with the acquisition of Xtra Mile Events, the ASICS Greater Manchester Marathon and Manchester Half Marathon. Human Race, under parent ownership of Le Tour de France owners, Amaury Sport Organisation (A.S.O), has this week confirmed the acquisition of Manchester based Xtra Mile Events, which organises nine mass participation events in the North …Read More

Summary results from 2017 TBI Business Confidence Survey

Triathlon Business International (TBI), the industry organization dedicated to promoting the sport and the business of triathlon, has today announced the results of its third TBI Business Confidence Survey. Conducted by MultiSport Research, the survey results reflected the discussions at the recent TBI Conference in Dallas where conference attendees shared concerns, challenges and solutions about an effectively flat multisport market in the United States. “The 2017 TBI Industry Confidence Index does …Read More