Big News from Bicycle Transit Systems
We’ve signed an agreement to acquire BCycle from Trek Bicycle.
The acquisition will make Bicycle Transit Systems the only vertically integrated docked bike share company in North America. Now, we can better support the expansion of mobility options by providing cities nationwide with seamless solutions for building, installing, and managing docked, electrified bike share.
We’re proud to enter this new phase of growth with BCycle, America’s first bike share company. Since 2008, this legendary brand has delivered quality equipment and hardware for dozens of bike share systems, including our Philadelphia, Los Angeles, and Las Vegas markets.
When the acquisition closes in October, Bicycle Transit Systems will acquire BCycle’s contracts, software, hardware, and future product development, including:
• Ten BCycle-owned and operated bike share systems in communities across the U.S., including Santa Barbara, Santa Cruz, Madison, and Boulder.
• Bikes, docking stations, and software sales and support for 15 additional communities, including Indianapolis, Salt Lake City, Cincinnati, and Milwaukee.
Our unified company will be the largest docked bike share provider in the U.S. by number of communities served. Synergies from the acquisition will allow us to grow even more and invest in product and technology innovation to more affordably and efficiently meet cities' unique local needs. With greater flexibility and oversight of product development and innovation, we can design real-time solutions to pressing equity, safety, and climate challenges.
The bottom line is that Bicycle Transit Systems can now better meet its core mission—to deliver the best customer experience possible for our riders and advance the future of bike share in the markets we serve.
We’ll continue to be led by the Bicycle Transit Systems executive team, including me as CEO, Founder and Chair Alison Cohen, COO Ian Smith, and CFO Gloria Parker Shabazz. BCycle’s Brian Conger and Caitlin O'Connell will join the company’s roster of experienced bike share leaders as our new Chief Business Officer and Product Director to ensure a smooth transition for our partner agencies and riders.
Learn more about how we’re gearing up to grow, scale, and invest for our future – and the future of bike share: https://lnkd.in/dtx_E_c6
- Kristin Gavin-Wisniewski, CEO