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Merida

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Merida Industry Co., Ltd (MIC) is a Taiwan-based bicycle design, manufacture, and sales company with R&D headquarters in Germany. It was started in 1972 by Ike Tseng. The original layout was based on the Raleigh Nottingham factory as Merida began by making Raleigh bikes for the North American market. Ike was a very talented engineer, and the company grew as a well-respected OE manufacturer making many well-respected brands.

Ike died in January 2012, the company is now run by his son Michael Tseng.

Merida is a global player in bicycle design and manufacturing, making 2.2 million bicycles a year at 5 factories: 1 in Taiwan, 3 in China and 1 in Germany.

As at 2012 the company is a public listed company on the Taiwanese stock exchange, quoted at approximately £350 million, making it one of Taiwan's biggest companies. (The company went public in 1992).

Merida now produces mainly its own Merida-branded bikes, which are present in 77 countries around the world, or selected brands which it has a financial interest in, e.g. the German brand Centurion.

In 2001, Merida bought 49% of Specialized for a reported US$30 million, although its CEO and founder Mike Sinyard remained majority owner.

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