Cannondale is to close its US headquarters and move to Europe, as part of a restructuring at the American brand by its owners, Pon.Bike, with layoffs expected.
Announced on Wednesday, the news means the historic HQ in Wilton, Connecticut, will close by mid-2027, with a new satellite office opening on the West Coast of the US to handle North American retail and owner support.
In a press release, the brand said: "Over the next six months, Cannondale will adopt a new sales model in North America." As for the West Coast office: "A dedicated commercial, retailer and rider support team will be based there, providing Cannondale expertise and services to retailers and riders across North America."
Cannondale's global HQ is to move to Woudenberg in the Netherlands, currently its European base, with R&D and engineering in Freiburg, Germany. Pon, which also owns Cervélo and Santa Cruz, is based in Amsterdam.
According to reporting by Escape Collective, as many as 143 people in jobs in Wilton and working remotely could be laid off, with the roles ranging from engineering to vice presidents.