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Harley-Davidson to buy electric bike maker for kids

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Harley-Davidson announced it signed a deal to purchase StaCyc.

StaCyc makes two-wheel electric bikes it calls "the perfect choice for little rippers" between the ages of 3 and 7.

"The StaCyc team shares the same vision we have for building the next generation of riders globally, and we believe that together, we will have a significant impact in bringing the fun and enjoyment of riding to kids everywhere," said Heather Malenshek, Harley-Davidson senior vice president of marketing, in a statement.

The acquisition price was not disclosed.

Read more from CNN Business.

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