{"id":179738,"date":"2018-03-14T16:26:27","date_gmt":"2018-03-14T15:26:27","guid":{"rendered":"https:\/\/www.mtb-mag.com\/?p=179738\/"},"modified":"2018-03-14T16:26:27","modified_gmt":"2018-03-14T15:26:27","slug":"niner-bikes-acquired-by-uwhk","status":"publish","type":"post","link":"https:\/\/www.mtb-mag.com\/en\/niner-bikes-acquired-by-uwhk\/","title":{"rendered":"Niner Bikes Acquired by UWHK"},"content":{"rendered":"

(FORT COLLINS, Colo.)\u00a0\u00a0March 9, 2018 \u2013<\/strong> UWHK Limited, formerly Emersion International, announced today it finalized the purchase of Niner Bikes. The acquisition includes an accelerated global expansion plan for the premium off-road bicycle brand. Niner is expected to gain market share through independent bicycle dealers and international distribution.<\/p>\n

Chris Sugai continues as president of Niner Bikes, located in Fort Collins, Colorado. \u201cWe are in-step with the vision and fast-track global plans for Niner. Our leadership team and culture, which are synonymous with our brand, will be maintained,\u201d explains Sugai.\u00a0\u201cUWHK\u2019s support allows the dedicated team at Niner to keep producing high quality bikes.\u201d<\/p>\n

\u201cI got into this business because of my passion for all things cycling and I\u2019m glad we can get back to making awesome bikes,\u201d adds Sugai. \u201cSupporting riders and giving back to the riding community will continue.\u201d<\/p>\n

UWHK Limited is an investment firm in premium global outdoor brands and a division of United Wheels Limited. United Wheels is the majority shareholder in Huffy Corporation and owner of Allite, Inc. and VAAST Bicycles, to be launched later in 2018. Each company, including Niner, maintains separate operations.<\/p>\n

\u201cAcquiring Niner represents important opportunities for UWHK and Niner,\u201d states Bruno Maier, Managing Director of New Business. \u201cWith UWHK\u2019s support, Niner can focus on quality off-road product R & D and effective strategies to maximize gains.\u201d<\/p>\n

\u201cUWHK recognizes the short-term and long-term potential of this acquisition. Chris Sugai has the right team in place to accelerate Niner\u2019s growth and ultimately, to increase global market share\u201d, continues Maier.<\/p>\n

Financial details of the sale were not disclosed.<\/p>\n

UWHK\u00a0<\/strong>(formerly Emersion International) is a global holding company of outdoor brands owned by United Wheels. UWHK seeks high-end outdoor companies and brands to add to its portfolio of Huffy Corporation, as well as Allite, Inc., and VAAST Bicycles, which will be launched later in 2018.<\/p>\n

Niner Bikes<\/strong>\u00a0was founded in 2004 to focus on the needs of the 29-inch mountain bike revolution. Since then, it has diversified its offering to other wheel sizes as well as other cycling disciplines in the off-road segment.\u00a0\u00a0www.ninerbikes.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(FORT COLLINS, Colo.)\u00a0\u00a0March 9, 2018 \u2013 UWHK Limited, formerly Emersion International, announced today it finalized the purchase of Niner Bikes. The acquisition includes an accelerated global expansion plan for the premium off-road bicycle brand. Niner is expected to gain market share through independent bicycle dealers and international distribution. Chris Sugai continues as president of Niner Bikes, located in Fort Collins, Colorado. \u201cWe are in-step with the vision and fast-track global plans for Niner. Our leadership team and culture, which are synonymous with our brand, will be maintained,\u201d explains Sugai.\u00a0\u201cUWHK\u2019s support allows the dedicated team at Niner to keep producing high<\/p>\n","protected":false},"author":170425,"featured_media":179604,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3678],"tags":[],"yoast_head":"\nNiner Bikes Acquired by UWHK | MTB-MAG.COM<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mtb-mag.com\/en\/niner-bikes-acquired-by-uwhk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Niner Bikes Acquired by UWHK\" \/>\n<meta property=\"og:description\" content=\"(FORT COLLINS, Colo.)\u00a0\u00a0March 9, 2018 \u2013 UWHK Limited, formerly Emersion International, announced today it finalized the purchase of Niner Bikes. The acquisition includes an accelerated global expansion plan for the premium off-road bicycle brand. Niner is expected to gain market share through independent bicycle dealers and international distribution. Chris Sugai continues as president of Niner Bikes, located in Fort Collins, Colorado. \u201cWe are in-step with the vision and fast-track global plans for Niner. 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