HEERENVEEN, the Netherlands – Today Accell Group NV annnounces it has successfully completed the acquisition of all issued shares in Raleigh Cycle Limited. The acquisition of Raleigh adds well-known global brands to the portfolio of Accell Group and further strengthens Accell Group’s position in North America and the United Kingdom in the markets for bicycles and bicycle parts & accessories.
Accell Group has received approval of the competition authorities and in addition all other conditions for closing of the transaction have been fulfilled. Closing of the transaction has taken place yesterday.
With Raleigh Accell Group is turning into by far the biggest in bikes in Europe with yearly sales of about two million bicycles and revenues of close to one billion euro.
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