Merida vector logo
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About Merida
Merida Industry Co., Ltd (MIC) is a Taiwan based bicycle design, manufacture, and sales company. 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 OEM manufacturer making for 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 from 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 £350m million making it one of Taiwan’s biggest companies.
Merida now produces mainly its own Merida branded bikes which are present in 67 countries around the world, or selected brands which it has a financial interest in e.g. the German brand Centurion. Merida is firmly into the high-end market with many designs such as the Ninety-Six., Scultura Evo SL, Big Nine and 0.Nine.
In 2001, Merida bought 49% of Specialized for a reported US$30 million, although its CEO and founder Mike Sinyard remained majority owner.
Merida has been co-sponsor of the Multivan Merida Biking Team, with athletes such as Jose Hermida and Gunn-Rita Dahle Flesjå, and of bicycle racing events such as the TransUK and TransWales mountain bike races. Since 2004, the MULTIVAN MERIDA BIKING TEAM has been scoring over 30 World Cup wins as well as Olympic gold and silver medals.
In 2013 Merida became co-sponsors of the Pro-Tour Lampre Merida road racing team www.teamlampremerida.com.
Contrary to many rumours Merida does not make own label bikes for Halfords or any other UK only brands.
