Cycling power meter specialist Pioneer has signed an agreement to transfer its cycle sports business to Shimano.
‘Through this agreement, [effective December 17, 2019] Pioneer will transfer the assets of its cycling technologies and conclude its related operations. Sales by Pioneer of pedalling monitors, cycle computers, and other related products will cease by the end of March 2020.’
Shimano plans to develop products, web services and applications using the Pioneer Cycle Sports assets and make Shimano services available to customers who currently use Pioneer’s Cyclo-Sphere web services, PC tool, and smartphone applications. Cyclo-Sphere will continue to be available to consumers until Shimano’s services are introduced.
Pioneer adds that it will continue to accept customer inquiries about cycle products and services and provide repair services on Pioneer Cycle Sports products sold prior to the asset transfer per the terms of any applicable product warranties.
A significant portion of the Pioneer Cycle Sports product portfolio has been designed to be specifically compatible with or sold pre-installed on Shimano components.
‘The transfer of the Cycle Sports technology to Shimano will incorporate Pioneer’s strength in electronics and IT technologies, enhancing the functions of Shimano products and services and achieving the aspiration of Pioneer to contribute to a wider range of customers.’