SegwayUk
Latest
Segway Inc. owner rides over cliff to his death
UK businessman Jimi Heselden, the man who believed in the Segway so much that he went ahead and bought the company, has died after reportedly driving a ruggedized version of the scooter off a cliff and into a river. He was found early on Sunday morning in the River Wharfe, having earlier been touring his estate in the personal transporter. The cause of the accident is not yet known. Mr. Heselden was 62 years old and, true to our geeky hearts, generated his fortune by coming up with an innovative design for wire cage walls that has since become standard equipment for NATO, American, and British forces. Our thoughts are with the good gent's family, and please, behave yourselves in comments. [Thanks, David]
Segway Inc. confirms merger with UK-based firm
Well, it looks like those initial rumblings about a big shake-up at Segway were right on the mark, as Segway Inc. has now come out and confirmed that it has been acquired by a UK-based firm backed by Hesco Bastion Chairman and Segway UK investor Jimi Heselden (previously reported to be JWH Holdings). Not surprisingly, it isn't offering much in the way of details, but it did say that it has also received funding that will "support the continued growth of the company." Head on past the break for the complete statement.
Segway Inc. bought by Segway UK?
This one has been flying under the radar for the past day or so, but talk is starting to heat up on some forums that Segway Inc. has effectively been bought out by one of its own dealerships. That initial word seems to have come from a Segway Inc. shareholder, who says he recently received a stockholder letter informing him that Segway Inc. would be "merging" with JWH Holdings, which is apparently a company formed by Segway UK simply for the purpose of this merger. What's more, while the deal is apparently being called a merger, the letter itself reportedly confirms that it's more of a complete buyout, with current CEO Jim Norrod supposedly set to be replaced by Tricia Laidler, and Segway UK's Wayne Mitchell stepping up to be the new COO. Still nothing in the way of official statements from either party just yet, but we'll let you know as soon as we hear anything one way or the other. [Thanks, Ed J]
