Oleander buys Suzuki Cycles
Oleander Cycles, one of Bermuda’s top moped rental agencies, has bought out the Suzuki Cycles store, which is a division of JNT Ltd, located on Victoria Street.
Oleander has eight locations and has been around for decades. Gregory Bluck, the company’s general manager, said Oleander had been looking for an opportunity to grow and diversify.
“We have been looking for an opportunity to diversify the business and broaden our customer base,” Mr Bluck said.
“I have always felt that since we are open seven days a week including public holidays and weekends to service our rental bike customers, that we can provide the same level of service for our private bike customers.”
After considerable discussions, both Suzuki Cycles and Oleander agreed that now was the right time.
Mr Bluck said Oleander would be selling the Suzuki brand.
He also stressed that there were no job losses during the process as the owners of Suzuki worked in the shop themselves without hiring additional staff members.
Oleander Cycles will not be the exclusive Suzuki sales representatives on island and they will only take over the Suzuki Cycles shop on Victoria Street. “There is another cycle shop on island that sells Suzukis,” he added.
Mr Bluck believes that the acquisition makes strategic sense as it will allow Oleander to leverage its strengths and operations.
Oleander is also the Kawasaki dealership and intends to expand offerings of this make.
Apart from its cycle shops, Oleander also has a spare parts centre located at 6 Valley Road, Paget and is open seven days a week from 8.30am to 5.30pm.
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