Segway Is Now The U.K.’s Problem

Segway Inc., maker of gyroscope-powered, balancing scooters, has been sold to a U.K. firm and CEO James Norrod is no longer with the company.

TechCrunch: The statement on Segway’s website notes that a company backed by Jimi Heselden, a U.K. businessman and the chairman of Hesco Bastion, acquired Segway for an undisclosed amount on Dec. 24, 2009. Heselden is also an investor in the independent distributorship Segway U.K.

The news first leaked via a posting on a Segway users forum.

More at TechCrunch >

Join the conversation about this story »

See Also:

• The GM-Segway PUMA Pod In Action (VIDEO)
• GM And Segway Team Up To Build Embarassing Pod-Mobile