Canyon Bicycles has announced it will enter the U.S. market in 2017 via a new partnership with TSG Consumer Partners, the private equity firm that acquired Backcountry.com last year. Canyon will remain an independent entity, entirely separate from TSG's other investments, while TSG will hold a significant minority stake. Final approval of Canyon's agreement with TSG by the German Federal Cartel Office is expected to arrive within weeks from the announcement, which was made by Roman Arnold, founder and chief executive of Canyon Bicycles, on May 25 at the company headquarters in Koblenz. After a six-year average of 30 percent growth on an annual basis, Canyon undertook major modernization measures in 2015, including the opening of a modern production facility in Koblenz. In April 2016 the company shipped its greatest number of bicycles and posted the highest turnover in any one month in its history.

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