December 29, 2011 (Toronto, ON) – Last week, Cervélo announced that it entered into a financing arrangement with PON Holdings BV. The renowned Canadian road bike company has provided an update on what, exactly, the announcement means:
Updated information: Thanks to everybody who commented on our message that we’re contemplating a sale of the company. To answer some of your questions, here is a bit of background. Cervélo has experienced exceptional growth and success since we started 16 years ago. A potential sale of the company allows us to continue to grow Cervélo without changing any of the things that make it special.
Cervélo will continue to be based in Toronto, with the same team of people, with the same desire to engineer the best bikes on the planet. It will stand by old products and create exciting new ones, starting with the new P5 which will be launched next month. Stay tuned.
Read the original announcement HERE.