Friends, I’m excited to share some big news – Bicycle Transit Systems has entered into an agreement to acquire BCycle from Trek.
The acquisition will make Bicycle Transit Systems the only vertically integrated docked bike share company in North America. We will be able to expand mobility options by providing cities nationwide with seamless solutions for building, installing, and managing docked, electrified bike share.
We are so proud to enter this new phase of growth with BCycle, America’s first bike share company. Since 2008, BCycle 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 other communities, including Indianapolis, Salt Lake City, Cincinnati, and Milwaukee.
Synergies from the acquisition will allow us to grow 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, 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.
The Bicycle Transit Systems leadership team is excited to add BCycle’s Brian Conger and Caitlin O’Connell to our 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.
We are thrilled to have you along as we gear up for growth.
Onward together,
Kristin