Segway now owned by British millionaire

Jimi Heselden, an investor in the company's U.K. dealership, has bought the maker of high-tech scooters, the company announced in a blog post.

Segway has been bought by British millionaire Jimi Heselden, an investor in the company's U.K. dealership.

Heselden is chairman of Hesco Bastion, a company that makes "Concertainer" units for flood and blast protection, as used by the military and humanitarian agencies. Segway, which makes high-tech scooters, made the deal public in a blog post Thursday, although it said it took place on Christmas Eve.

The blog post describes Segway's buyer as "a company that is based in the United Kingdom" and said the company is backed by Heseldon, although it is not clear whether the company referred to is Hesco Bastion.

Read more of "Segway now owned by British millionaire" at ZDNet UK.

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