Bicycle Transit Systems to Acquire BCycle from Trek

Trek’s bike share operator, Bicycle Transit Systems, Inc., announced that it signed a definitive agreement to acquire BCycle from Trek.

The acquisition will make Bicycle Transit Systems North America’s only docked bike share company with fully integrated end-to-end operations and allow it to expand mobility options in cities nationwide with solutions for building, installing and managing docked e-bike share.

Bicycle Transit Systems operates bike share systems in large U.S. markets, including Los Angeles, Philadelphia and Las Vegas. It also provides the nation’s only full-service customer service center for bike sharing to an additional 24 U.S. cities.

Following the acquisition’s expected close in October, Bicycle Transit Systems will become the largest docked bike share provider in the U.S. by the number of communities it serves, taking onTen BCycle-owned bike share systems in U.S. communities, including Santa Barbara, Santa Cruz, Madison, and Boulder; and bikes, docking stations, and software support for 15 other communities, including Indianapolis, Salt Lake City, Cincinnati, and Milwaukee.

Bicycle Transit Systems reported in a media release that “bringing all interconnected bike shares together under one company expands the company’s capability to deliver affordable solutions that meet cities’ needs, advance electrification efforts, reduce operating costs, and improve riders’ customer experience.”

“With greater flexibility and oversight of end-to-end services, we can design real-time solutions to the pressing equity, safety and climate challenges cities face today,” said Bicycle Transit Systems Founder and Chair Alison Cohen. “The bottom line is, this will allow us to better meet our core mission as a company—to deliver the best customer experience possible for riders and advance bike share as a mobility option in the cities we serve.”

Bicycle Transit Systems’ executive team, led by CEO Kristin Gavin-Wisniewski, will continue to manage the company. BCycle Executive Director Brian Conger will join the leadership team as chief business officer.

“Since 2008, BCycle has helped millions replace car trips with the climate-friendlier option of bikes,” said Trek President John Burke. “We’re excited for Bicycle Transit Systems to take this mission even further as they continue to grow and make meaningful change for the benefit of our planet and future.”

Image courtesy Bike Transit System