Groupe Bruxelles Lambert Acquires Majority Stake in Canyon Bicycles

December 15, 2020

Groupe Bruxelles Lambert (GBL) has signed a definitive agreement to acquire a majority stake in Canyon Bicycles GmbH, with minority investor TSG Consumer Partners fully exiting. Founder Roman Arnold will remain as Chairman of the Advisory Board and reinvest alongside GBL, while Tony Fadell (via Future Shape) will co-invest to support product and service growth as Canyon pursues expansion in e-bikes and international markets.

Buyers
Groupe Bruxelles Lambert (GBL), Tony Fadell / Future Shape
Targets
Canyon Bicycles GmbH
Sellers
TSG Consumer Partners
Location
Rhineland-Palatinate, Germany
Transaction Type
Buyout

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