Giant Acquires Stages out of Bankruptcy
The Taiwanese bike maker has acquired the maker of smart bikes, power meters and cycle computers for $20 million via its subsidiary Spia Cycling Inc., as it enters the commercial fitness market. Stages entered into a prepetition asset purchase agreement with Spia in June, with the latter acquiring key assets, including IP for its power meter and indoor bike businesses under the Giant/SPIA umbrella, manufacturing facilities, product lines, ... Log in to view full article.
