PE Firm SSI Hops Onto Segway

Law360, New York (March 1, 2013, 1:49 PM EST) -- Segway Inc., maker of the quirky electric scooters beloved by tourists and law enforcement, said Friday that it had been bought by Summit Strategic Investments LLC, a private equity firm with ties to a Chinese automotive company. 

The new backing will help New Hampshire-based Segway take its vehicles to a global customer base, the parties said. Financial details for the sale — the company’s second in three years — weren't disclosed. The seller, a British company backed by the wealthy Heselden family, did not comment....
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