Cycling Sports Group has ended a six-year collaboration with Denk Engineering GmbH, which had helped the group design its Cannondale and GT bikes, saying it now has adequate resources in-house.
Id like to thank Denk Engineering for all of their contributions to the Cannondale and GT brands, and wish Peter and his team the best for the future, said Peter Woods, President and CEO, Dorel Sports. In the past few years, we have made significant investments to enhance our product innovation capabilities through developing and expanding our internal R&D talent. This has positioned us to stay one step ahead by driving breakthrough and transformative products for the Cannondale and GT brands.
Denk Engineering will be moving away from project work to focus on consulting in the composite industry, said Peter Denk, CEO, Denk Engineering. It has been an honor to work with Cycling Sports Group and we would like to thank them for all the great projects we have done together.
Innovation is core to our DNA at Cycling Sports Group and the lifeblood of our brands is great product, said Scott Rittschof, Senior Vice President and General Manager, Cycling Sports Group. Our Product and R&D teams, based around the world in Connecticut, Germany and Taiwan will continue to lead the industry with award winning products that dealers want to sell and consumers want toride.
Cycling Sports Group (CSG), a division of the Dorel Sports segment encompasses, several powerhouse Cycling brands, including Cannondale, Schwinn, GT and Mongoose. In Recreational/Leisure, brands include Cannondale, Schwinn, GT, Mongoose, Caloi, IronHorse and Sugoi.
