Cannondale Corporation is really a manufacturer of bicycles along with a great player around the off-road Motorsports stage. Right from the start, since 1971, if this introduced the very first bicycle trailer, the organization increased step-by-step so, in 2003 it could offer five ATV's and 6 motorcycle models.The Cannondale bikes have snapped up eleven World Titles, 17 World Cup Series overall game titles, 16 National Titles and 2 Olympic medals. The well-known Cannondale motorcycles are C440R and E440. Speaking about ALL-TERRAIN Automobiles, Cannondale has launched the FX400, the Blaze, the Canibal and Speed, the successor from the FX400.
In 2003, Cannondale attempted to provide some existence towards the off-road motorcycles however the effort was useless, so, the personal bankruptcy was declared. It had been bought by Pegasus Partners for all of usDollar58 million. The organization experienced a deja-vu at the outset of 2008 when Dorel Industries Ltd.bought Cannondale from Pegasus, for all of usDollar 190 million. Cannondale had 2007 sales of approximately $200 million.
Dorel, based in Montreal with procedures within the U . s . States and Europe, is the owner of Off-shore Cycles, which produces some brand bikes. Dorel utilizes roughly 4,700 individuals 15 nations and annual sales are US$1.8 billion, produced in over 60 nations worldwide.The business's items, greater than 80 models, are offered in 60 nations. Regarded as because the bike industry's leading innovator, Cannondale has won lots of design honors: the "Publisher's Award for Innovation" from Cycling magazine, "Technological Development of the season Award" from VeloNews magazine, ""Better Of What's New" award from Popular Science, "Best New Items of the season Award" from Business Week.