Pashley Cycles has won the contract to produce the next generation of bikes for the London cycle hire scheme.
Transport for London has awarded Serco a new five-year, £79.7m contract to distribute and maintain the Santander-sponsored Cycle Hire bikes. This includes the manufacture of an upgraded bike, which will be made by Pashley Cycles at its factory in Stratford-upon-Avon.
Under the new contract, Serco will gradually start introducing bicycles, made by Pashley, to the Scheme.
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