Accell Group sells non core US business and completes strategic review North America

HEERENVEEN (THE NETHERLANDS), August 7^th,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).