UK manufacturer On One, a division of road bike manufacturers Planet X,  have purchased troubled US bike company Titus in a move which adds a quality full suspension heritage to the companies lineup.  Known for their quality durable hardtails at the keenest prices, On One have recently expanded into carbon and titanium frames too with Van Nicolas their current supplier of titanium machines.   Titus allow the company to expand into full suspension.

Titus had entered bankruptcy in the US and was sold as a going concern.   The press release from On One doesn’t give much away but we expect big things from them in the near future.

On One, the Mountain Bike Division of Planet X Ltd (Rotherham, UK) has acquired the brand, trade marks and assets of Titus Bikes Inc (Tempe, USA). The Titus acquisition complements the On One range, with the addition of high quality full suspension models. By leveraging our experience in carbon and titanium bike development we intend to build on the already strong Titus range.

In addition the Titus brand and loyal customers will provide a boost to On One’s planned expansion into the US in 2011.

For more information on the latest news from Titus story subscribe to the On One newsletter at www.on-one.co.uk.

A little digging on the companies website reveals a little more though -

We’ve got a new bike…. company! The rumours are true. Dave Loughran, our intrepid leader went out to buy a new fax machine and came back with a new company. Why buy it from Argos when you can get one for free from Titus Bikes! That’s right, we’ve purchased the brand, trademarks and assets of the legendary Titus Bikes, the purveyors of fine carbon and titanium bike porn.

To say that we’re excited is a bit of an understatement. Think full suspension bling with spashes of carbon and titanium where it matters.

There is a lot of work for us to realise our ambitiouns so don’t expect any big headlines or re-launches this this side of Christmas but we may have a little stock to sell in the mean time, so sign up to the newsletter to stay in the loop.

On One have also recently expanded their 29er lineup to include carbon and titanium models, both of which have got great reviews from the sneak peaks that the media have been allowed.  With On One’s reputation for fantastic prices (a full carbon hardtail frame for GB£499 anyone?) and Titus’s heritage this could be a match worth watching…