Travel agency company, Flight Centre Ltd, has secured exclusive Australian wholesale distribution rights for Merida and Indi Bike brands. They have permanent rights for Indi and rights for Merida for 3 years commencing in July. Flight Centre Merger and Acquisitions Manager, David Smith, said

“The acquisition gave the company a real opportunity to tap into a large market.” “This investment represents a very small but exciting opportunity for Flight Centre to broaden its traditional revenue base into a sector that continues to experience strong growth,” Mr. Smith said.

Flight Centre is also in discussions with Gainsdale Pty Ltd about a joint venture involving the 99 Bikes retail chain which is operated by Matt Turner, the son of Flight Centre founder and MD, Graham Turner. Graham Turner, himself a keen cyclist currently holds an interest in Gainsdale, so will remain at arm’s length in these discussions.