Beginning their professional careers with the Australian outfit in 2014, the British twins have steadily progressed in their first three seasons, with their future.
Adam took his first major professional victory at the 2014 Tour of Turkey and first WorldTour win at the 2015 Clasica Ciclista San Sebastian. He finished fourth overall at this year's Tour de France, only just slipping off the podium in the final two days in the mountains.
“I'm really happy to extend my contract with the team and take the next, important steps in my career here,” Adam Yates said.
“I'm ready to target a podium spot in the Grand Tours and with the support and environment the team gives me, I think we can achieve it.”
“This year, I showed that I can climb with the best in the world and I want to keep improving in other areas too."
"I feel really at home on the team and that gives me the opportunity to work in the best possible way. I've been on the team since I turned professional and I'm pleased that I'm staying with a great group of riders and staff going onwards."
Simon came into the team with the bigger reputation as a member of the British high performance stream but has been a bit overshadowed by the performances of his twin as he has missed quite a bit of racing with injury and his ban for a positive test for Terbutaline during Paris-Nice.
His team doctor assumed the blame for forgetting to apply for the therapeutic use exemption for asthma that would have given Yates the all clear to use the medication.
"I'm really pleased to be able to continue my development with ORICA-BikeExchange for the next two seasons,” Simon Yates said.
“They have showed their faith in me from the start and I've been able to benefit from the experience of riding key races as a protected leader - that's an opportunity that doesn't exist too often in your first years as a professional.”
“We've come out with some solid results so far and with the general classification focus increasing for the team, I'm looking forward to taking the next steps to bigger goals in the best races in the years to come.”
The team has brought in important support climbers in the form of Carlos Verona and Roman Kreuzinger and re-signing two of the most promising climbers in the professional peloton was clearly a priority for the Australian squad.
Sport director Matt White was thrilled the pair have seemingly found a home at ORICA-BikeExchange and is confident that both the Yates brothers and Orica-BikeExchange can go on to bigger and better things in the next two years.
“Adam took a massive step forward this year and at quite a young age he is ready to target the podium in a grand tour,” White said. “I think he surprised a lot of people this year at the Tour, but it was probably only a matter of time before he arrived at the level we now see him at.”
“His results are astonishing and he is one of the most promising young riders out there. It’s been fantastic for us to be part of developing such a talent and a real pleasure to see him shine in the hardest stages of the Tour this year.
“With Adam we have secured another key signing for our ambitions in the coming years.”
Alongside brother Adam and Colombian Esteban Chaves, Simon completes the trio of key young climbers for ORICA-BikeExchange.
“Simon has already proven that he is a massive talent,” White said. “His results so far in one-week races and in some of the toughest mountain stages in multiple tours tells me that he is an emerging general classification contender.”
"He is part of the group of young riders that we have helped develop and it’s great for us that he will continue this trajectory with the team.
“Together with Adam and Esteban he gives us that extra depth that will put us in a powerful position in any of the big tours that we target across the calendar.”