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ACCELL GROUP INTERNATIONAAL

Accell Group is een internationale groep van ondernemingen actief in het ontwerpen, ontwikkelen, produceren en de marketing en verkoop van fietsen, fietsonderdelen -accessoires.

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.