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Cycling Weekly
Cycling Weekly
Sport
Adam Becket

Cervélo and Cannondale owner Pon.Bike's turnover hits £2 billion, doubling from 2022

PON Bike Cannondale Cervélo Focus Gazelle Santa Cruz United States
Jumbo-Visma Cervélo

Dutch company Pon.Bike, the owners of Cervélo and Cannondale, has reported a turnover of €2.4 billion (£2.1 billion) in 2022, almost double its 2021 sales of €1.3 billion.

The brand is a cluster within the larger Dutch transport conglomerate Pon Holdings, who declared sales exceeding €10 billion. The company acquired Dorel Sports in early 2022, which meant adding the likes of Cannondale and Mongoose to its portfolio.

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