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Accell Acquires Tunturi

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HEERENVEEN, Netherlands (4 July) – Accell Group announces that it is negotiating the purchase of Tunturi (bicycles and fitness equipment). The final purchase agreement is expected to be closed next August. (Accell will publish its half year figures next week). The acquisition will involve all Tunturi shares issued, financed from the Accell reserve. Tunturi has […]

HEERENVEEN, Netherlands (4 July) – Accell Group announces that it is negotiating the purchase of Tunturi (bicycles and fitness equipment). The final purchase agreement is expected to be closed next August. (Accell will publish its half year figures next week). The acquisition will involve all Tunturi shares issued, financed from the Accell reserve. Tunturi has an extensive international distribution network for fitness equipment in the USA, GB, Germany and the Benelux countries. The deal will give Accell a much better access to the international fitness market (and the Finnish bike market). Tunturi presently has 180 employees and its 2002 turnover was £ 34 million.(OB)

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