Accell To Use Hercules Sale Earnings For More Takeovers

AMSTERDAM, The Netherlands – The 20 million euro Accell Group got for selling its Hercules brand to ZEG is to be used for more takeovers by the Dutch bike holding company. “We are certainly not putting that money in the bank,” said Accell’s top executive Takens at the presentation of the company’s 2013 results last Friday.