Well, here are the official announcements from On-One (Planet X)
On-One Buy Titus Bikes!
We've got a new bike.... company! The rumours are true. Dave Loughran, our intrepid leader went out to buy a new fax machine and came back with a new company. Why buy it from Argos when you can get one for free from Titus Bikes! That's right, we've purchased the brand, trademarks and assets of the legendary Titus Bikes, the purveyors of fine carbon and titanium bike porn.
To say that we're excited is a bit of an understatement. Think full suspension bling with spashes of carbon and titanium where it matters.
There is a lot of work for us to realise our ambitions so don’t expect any big headlines or re-launches this this side of* Christmas but we may have a little stock to sell in the mean time, so sign up to the newsletter to stay in the loop.
And the more formal press release:
On-One Purchase of Titus Bikes Official Press Release
On One, the Mountain Bike Division of Planet X Ltd (Rotherham, UK) has acquired the brand, trade marks and assets of Titus Bikes Inc (Tempe, USA). The Titus acquisition complements the On One range, with the addition of high quality full suspension models. By leveraging our experience in carbon and titanium bike development we intend to build on the already strong Titus range.
In addition the Titus brand and loyal customers will provide a boost to On One’s planned expansion into the US in 2011.
Pretty exciting going ons. I was already on my way to Rotherham to discuss the future of On-One in the States when the Titus deal was started. There was and still is much more happening than has been publicly reported or even speculated about on the forums. I see a great respect for the Titus brand and heritage from the On-One staff and the owner, Dave. Going to be a fun ride.