Segway Inc. Purchased by Chinese Company - East Idaho News
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Segway Inc. Purchased by Chinese Company

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Thinkstock 041515 Segway?  SQUARESPACE CACHEVERSION=1429156494762Kim Carson/Digital Vision/Thinkstock(NEW YORK) — Segway Inc., the company that produces the distinctive transportation devices, announced on Wednesday that it would complete a “strategic combination” with China-based Ninebot Limited.

Ninebot, described in a press release as “a leading company in the short-distance transportation industry,” focuses on research, development, manufacturing and sales. The company’s founder and CEO Lufeng Gao said in a press release that the combined company “creates a development opportunity for the short-distance transportation industry.”

The two companies will work as one on a series of technologies, including “electric driving, mobile internet and human-computer interaction.”

Rod Keller, President of Segway, said the combination would allow his company to “provide more intelligent and valuable products to our customers.”

The U.S. International Trade Commission had previously agreed to look into a claim that Ninebot was infringing on Segway’s patents and copyrights.


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