Velox Acquires Spécialités TA
PARIS, France – Financial difficulties for the French component manufacturer Spécialités TA have resulted in a take-over by bicycle parts supplier Velox based in Argenteuil, France. The amount of the transaction was not disclosed.
The discussions between the two companies and its CEO’s already started a few months ago. “The acquisition of Spécialités TA allows us to increase our product range substantially,” explained Velox CEO Patrick Guinard. “While we also share a lot of distributors.” In 2017, Velox posted a turn-over of 3 million euro. Spécialités TA’s total sales amounted 1.7 million euro last year.
Production in France
“Spécialités TA has a real added value for us they are still producing in France which goes very well with the expertise of Velox,” adds Patrick Guinard. Former Spécialités TA owner Gérard Blot will stay to handle the integration of all the manufacturing and operating processes.