Following well-documented financial struggles over the last few years, Accell today has stated that the last debt reduction has further stabilised the company, "while additional funding enabled Accell to accelerate the execution of the final steps of its transformation." As it prepares for this season with a sharpened portfolio of new models and a significantly leaner build after divesting non-core brands, is the once mighty Accell Group now out of the woods?

HEERENVEEN, the Netherlands - "We saw good sales levels and continued strong profit accretion in the second half of 2021 through November," said Accell Group CEO Ton Anbeek in a trading update published today. While the company still reported sales decline in the first half of this year, it is now much more positive on the expected full year results.

SENNFELD, Germany - Accell Group's subsidiary Winora opened an all new 'Innovation & Service Center'. It houses the global innovation and technology center, sports headquarters, service, quality management and compliance departments.

SCHWEINFURT, Germany - Construction is in full swing and is reaching its final stages in Röthlein, near Schweinfurt. The 18 million euro costing logistics center will mainly be serving Winora Group; the German subsidiary of Accell Group that is marketing Europe's biggest e-bike brands Haibike and Ghost.

WELS, Austria - After last Tuesday's announcement by Pexco GmbH that it has joined forces with KTM Industries AG

SANGERHAUSEN, Germany - The family Puello will not acquire the German bicycle manufacturer MIFA as they are no longer participating