News

HEERENVEEN (THE NETHERLANDS), August 7th,2019 – Accell Group N.V. (“Accell”) reached agreement with private equity firm Regent LP (“Regent”) for the sale of its loss making US business including the worldwide registrations[1] of the brands Diamondback, Redline and IZIP. In addition, Accell and Regent agreed on an exclusive 2-year US distribution partnership for the international Accell brands Raleigh, Haibike and Ghost.

 

[1] Excluding Canadian brand registrations, which were transferred earlier to the Canadian Tire Company (CTC).

HEERENVEEN (THE NETHERLANDS), 19 JULY 2019 – Accell Group N.V., the leading European bicycle company
with well-known brands such as Haibike, Koga, Batavus and Raleigh, today announces that its core business
progresses well with net turnover up 8.8% at € 650.9 mio, added value up 27 bps to 31.2% and EBIT coming in
12.6% higher at € 57.8 mio in H1 2019. Trade working capital as a % of net turnover decreased by 200 bps to
32.2%.

HEERENVEEN (THE NETHERLANDS), 12 July 2019 – As part of its strategic review of the North American business operations which was announced in December 2018, Accell Group N.V. (“Accell Group”) reached agreement on the sale of its Canadian brand registrations of Raleigh, Diamondback, Redline and IZIP (“the transaction”) to Canadian Tire Corporation, Limited (“CTC”) for a cash consideration of USD $16 million.

HEERENVEEN (THE NETHERLANDS), 15 MAY 2019 – Accell Group N.V. (“Accell Group”) today announces the conversion ratio of its stock dividend for the financial year 2018. As announced on 24 April 2019 and published on www.securitiesinfo.com on 25 April 2019, shareholders were given the choice to receive a dividend for the financial year 2018 either in cash or shares charged to the share premium reserve. The number of dividend rights that entitles to 1 new ordinary Accell Group share with a nominal value of € 0.01 has been set at 48.5.

Accell Group invests in business market for bike rentals and mobility solutions
Public Transport Company HTM chooses Accell’s Batavus-bikes


HEERENVEEN (THE NETHERLANDS) - 14 MAY 2019. Public transport company HTM from The Hague has purchased 500 solid Batavus city bikes from Accell for travelers in The Hague through B2B service partner Zilt bikes. The Batavus HTM Bike is a sustainable and safe way to explore or cross the city in combination with public transport. With this collaboration, Accell is further investing in the business market for bicycle rental and mobility solutions. In April Accell already signed an agreement with Fletcher Hotels for the delivery of 1,300 e-bikes.