Pon Wants to Takeover Accell Group; Places Bid for Shares

HEERENVEEN, The Netherlands – Pon Holdings, owner of Pon Bike Group, has placed a bid for all shares of Accell Group. This bid comes after Pon Holdings provided the management board and the supervisory board of Accell Group with a letter detailing its proposal on 17 March 2017. That the two companies entered into talks was leaked to the Dutch press. A newspaper publication yesterday on it surprised the two companies and prompted the now published bid by Pon Holdings on Accell Group.
Accell and Pon merger ‘results in the world’s leading global bicycle company, with headquarters in the Netherlands and with sufficient scale to be the long term winner in the industry.’