(SGI) Shimano is planning to develop new products, web services and applications using certain assets of Pioneer Sports Cycle that it has acquired from Pioneer Corporation, the U.S. company that developed the first pedaling monitor and cycling computers in 2013. Many of Pioneer’s current products have been designed to be compatible specifically with the bicycle components of Shimano. The Japanese company will make its future services available to customers who currently use Pioneer’s Cyclo-Sphere web services, PC tools and smartphone applications. Meanwhile, Shimano has reported lower-than-expected results for the 2019 financial year, partly because it recorded flat sales of bicycle components at the end of the year, while its fishing gear sales were down due to typhoons that blew through Japan. (More in SGI Europe)