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kaszz writes:

The Chinese robotics company Ninebot has bought Segway, a maker of two-wheeled electric vehicles, for an undisclosed sum. In 2014, Segway accused Ninebot and several other Chinese companies of infringing on its patents and sought an import ban on the Ninebot One. As Segway has struggled to make profits it has changed ownership; in 2009, it was sold to a group led by British millionaire Jimi Heselden, who died after riding a Segway off a cliff in 2010.

According to the BBC:

In a statement, the companies said that both brands would continue to operate under their existing names.

"It [the acquisition] creates a development opportunity for the short-distance transportation industry, which the combined company will lead by widely applying a series of technologies, such as electric driving, mobile internet and human-computer interaction on future products," said Ninebot chief executive Lufeng Gao.