SRAM Corporation buys brake specialist Avid
The SRAM Corporation continues to grow: What once began as a "Grip Shift" twist shifter has become a provider of shifters, hubs and suspension elements through the acquisition of Sachs and Rock Shox. According to a press release from SRAM, the brake specialist Avid is to be acquired under an agreement reached today. With this acquisition, which is to be sealed at the end of January, SRAM is one step closer to its goal of a complete component group - and thus more market share in the OEM market. Shimano is therefore once again challenged.
14.01.2004