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Wiggle of Portsmouth is to merge with Ballyclare-based Chain Reaction Cycles, to create a combined online cycling retail business with revenue of more than £300m.
Wiggle is planning to expand the 150-strong workforce at its cycle supplies distribution centre in Bilston to 500 over the next five years.
Wiggle is planning to expand its new cycle supplies distribution centre in Bilston with a further 100,000 sq ft over the next 18 months.
Wiggle is to recruit 150 staff for a new 320,000 sq ft online cycling warehouse due to open in Bilston over the next few months.
Wiggle is to set up a 323,000 sq ft cycling products warehouse at the Citadel Logistics Centre in Wolverhampton, with the transfer of up to 100 jobs from Portsmouth.
Wiggle is considering plans to relocate its cycling distribution centre from Portsmouth to a 300,000 sq ft site in the Midlands next year.
Wiggle, the Portsmouth-based online cycle retailer, has been acquired by private equity firm Bridgepoint for £180m.