NEWS HUB
Kwik Fit acquires Fettle
FETTLE has announced its acquisition by Kwik Fit, one of the UK’s leading automotive servicing and repair companies. The acquisition, which transfers 100% ownership of Fettle to
Kwik Fit, will facilitate the combination of Fettle’s approach to cycle servicing with Kwik Fit’s resources, network and expertise in the automotive sector. Fettle and Kwik Fit received a positive response when they launched an operational partnership in March last year, with joint centres in Bristol, North and South London. Fettle’s management team will remain with the business, with Jeyda Heselton, who founded Fettle in 2019, continuing to lead the company.
Orange Bikes to appoint administrators
ORANGE Bikes has fi led an intention to appoint administrators. The notice was posted to Caseboard and followed the brand’s announcement that it was disbanding its
Factory Racing team for the 2024 Enduro season. Following plenty of online speculation, a spokesperson for
Orange said: “Orange Bikes and its associated companies are currently working with Specialist Business Rescue Advisory fi rm J9 Advisory, with a view to restructuring the businesses in order to provide a viable platform to service our customers in the best way possible, safeguarding jobs and ensuring the continuation and strength of the Orange Bikes business moving forwards.” Further details will be released in due course.
Heselton said: ““Kwik
Fit’s business ethos aligns with ours and it brings mature, world-class
skills and a depth of knowledge that is invaluable to a young and growing company like Fettle. We’re excited for this new chapter and the possibilities it opens up for Fettle, our customers, and the wider cycling community.” There will be no interruption to service as a result of the change in ownership, with existing employees remaining with the company and all current services and locations being maintained.
Volt opens new London HQ
BRITISH e-bike brand Volt has moved to a new location in London Bridge and launched an experiential showroom and café within its building, called Café Volt. The new headquarters has an improved larger space for customers to experience the full range of Volt bikes while getting a refreshment at the new Café Volt. Located within the Sea Building at Great Suff olk Yard, the space
features an experiential showroom next to Volt’s main offi ce, allowing customers to speak directly to the team behind the brand, including its designers and those who make the bikes themselves. The move is part of Volt’s plans to make its London base more accessible for customers who want to test-ride the bikes and get to know the team.
Bike Matrix enters beta testing
BIKE Matrix has entered a beta testing phase with Frictive MTB and Cycleways in New Zealand. Bike Matrix is a venture that aims to simplify component compatibility for mechanics and consumers. At the moment, the software will show compatibility for
32 | February 2024
brake parts but soon it will be able to show which chain, cassette, bottom bracket, headset, brake adapter or wheelset is compatible. To date, Bike Matrix has more
than 25,000 bikes in the system with the list of brands growing weekly.”
www.bikebiz.com
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