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Accell Group successfully completes acquisition of Raleigh

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Following confirmation in April that an acquisition was under way, Accell Group NV has today announced that it has successfully completed the acquisition of all issued shares in Raleigh Cycle Limited.

The acquisition of Raleigh adds well-known global brands to the portfolio of Accell Group and further strengthens Accell Group’s position in North America and the United Kingdom in the markets for bicycles and bicycle parts & accessories.

Accell Group has received approval from the necessary competition authorities, and all other conditions for closing the transaction have been fulfilled. Closing of the transaction took place yesterday – Tuesday 22 May.

www.accell-group.com
www.raleigh-group.com