Canadian-based mountain bike website, Pinkbike, has acquired CyclingTips from BikeExchange, CyclingTips is known for delivering content that is primarily focused on road cycling and professional racing.
Mark Watkin, Global CEO at BikeExchange said of the transaction: “The sale of CyclingTips to Pinkbike makes strategic sense both for the BikeExchange Group, and for Pinkbike. It allows BikeExchange to reinvest and focus on the core of our marketplace business - fuelling the passion for cycling by making it easy to buy and sell. We’re pleased that discussions over the last few months reached a positive outcome.”
Founder and CTO of Pinkbike, Radek Burkat, stated: “We are excited to commit the talents and resources we have at Pinkbike and Trailforks to allow the CyclingTips team to grow and be the leader in road cycling.”
The acquisition closed on March 8th, 2019. The CyclingTips staff, including founder Wade Wallace, will remain a part of the CyclingTips team.
Wade Wallace said: “We are thrilled that CyclingTips has come together with the PinkBike family. We are confident that this partnership will result in a better product for our readers, members and industry partners.”