All Accell Group articles
-
ArticleAccell Group relocates production and cuts jobs
After announcing the relocation of the production of the German Accell brand Ghost in Waldsassen to the Accell production sites Accell Hunland Kft. in Hungary and Accell Bisiklet Sanayi ve Ticaret A.S. in Turkey late last year, the Accell Group is now planning further measures to streamline the operating model ...
-
ArticleCoalition for Cyclist Safety aims to improve safety of bike and eBike riders in North America
19 companies from the automotive, bicycle and technology sectors have joined forces to drive the development and implementation of connected mobility solutions. With their help, they want to help reduce the risks for bicycle and eBike riders on North American roads. Founding members of the Coalition for Cyclist Safety are: ...
-
ArticleAccell Group appoints new CEO and Supervisory Board Chairman
Source: Accell Group Tjeerd Jegen, new CEO and Chair of the Management Board The Netherlands-based Accell Group, a leading manufacturer of bicycles, bicycle parts and accessories, has appointed Tjeerd Jegen as CEO and Chair of the Management Board, effective Nov. 1, 2023. Jegen succeeds Juan de Ochoa, ...
-
ArticleBicycle Stocks Q2 2022: Russia’s invasion causes market low
After the stock market booster called hope catapulted the OIC Bicycle Stock Chart 2021 to new heights and seemed to defy all realities, the high flight ended with Russia’s invasion of Ukraine. The chart of the first quarter of 2022 already showed a steep decline, which now also continued in the second quarter.
-
News briefsKKR acquires 96% of Accell Group
The consortium led by Kohlberg Kravis Roberts & Co. (KKR) has now acquired 96.9 percent of Accell Group’s share capital, although the 80 percent acceptance period was not quite reached. Under the tender offer, 5,671,703 shares were tendered during the acceptance period, representing approximately 21.1 percent of the total outstanding ...
-
News briefsAccell Group takeover: KKR declares offer unconditional
After the status of the Accell Group takeover was in limbo last week, Accell Group and KKR (Kohlberg Kravis Roberts) have now jointly announced that, considering all offer conditions having been satisfied or waived, KKR declares the offer unconditional. The number of shares that have been tendered for acceptance under ...
-
News briefsStatus of Accell Group takeover in limbo
The Dutch Accell Group did not receive the required threshold of tendered shares by its June 3, 17:40 CET deadline, casting uncertainty over its proposed €1,145 million takeover by an affiliate of U.S. financial investor KKR (Kohlberg Kravis Roberts) that was formally made on April 6 but first announced in ...
-
News briefsAccell Group updates takeover details
Source: Accell Group CEO Tom Anbeek Accell Group issued a clarification about its looming €58.00 a share takeover by a consortium led by buyout firm Kohlberg Kravis Roberts (KKR). The all-cash offer, which values the Dutch bike company at €1.56 billion (a premium of 42 percent over ...
-
News briefsAccell Group sets May meeting date on KKR offer
The Dutch Accell Group has established May 20 as the date for the extraordinary general meeting on the recommended all-cash, €1.56 billion (€58.00 a share) offer for the company by a consortium led by U.S. financial investor Kohlberg Kravis Roberts (KKR). The offer, initially revealed in late January, was formally ...
-
News briefsKKR formally submits offer for Accell Group
U.S.-based financial investor Kohlberg Kravis Roberts & Co. Inc. (KKR) formally announced its €58-per-share offer for Dutch-based Accell Group, owner of Ghost, Haibike, Babboe, Batavus, Lapierre, Winora and other bicycle brands, on April 7, with an acceptance deadline of June 3. The offer per share represents a 26 percent premium ...
-
ArticleOutdoor and bike industry stocks fall nearly 18% in Q1
Our quarterly analysis of the outdoor stock market shows a 17.84 percent sequential decline in the average stock prices of 31 public companies primarily involved in the outdoor and bicycle sectors between Jan. 1 and March 31. Broader market conditions weighed on the sector, which had posted stock price increases ...
-
ArticleBicycle shares Q1 2022: Geopolitical situation puts pressure on the market
While global lockdowns, virus variants, inflation, zero interest rates, supply shortages or political crises could not harm last year’s upward trend in bicycle stocks, Russia’s attack on Ukraine has changed everything. The war is intensifying the surge in prices. Fears of supply shortages of gas and oil and other commodities ...
-
ArticleBetter pricing cushions Accell's volume sales decline
Could these be the last public business figures released by still-listed bicycle manufacturer Accell Group N.V.? As previously reported, a private equity firm backed by U.S.-based Kohlberg Kravis Roberts & Co. Inc. (KKR) has made an offer to acquire all of the issued and outstanding common shares of Europe’s leading ...
-
ArticleU.S. investor to buy Accell Group
The bicycle industry continues to boom and is therefore increasingly targeted by investors. Dutch Accell Group N.V. and a consortium led by U.S. financial investor KKR (Kohlberg Kravis Roberts), which includes Accell’s major shareholder Teslin, announced today that a conditional agreement has been reached for a recommended public offer by ...
-
ArticleGreen awareness provides greater tailwind for bike stocks in 2021
2021 had it all: on the one hand, more lockdowns, virus variants, inflation, zero or negative interest rates, supply bottlenecks, political crises, trade and other wars, etc. On the other hand, 2021 experienced a world stock market that trudged steadily upward. This also gave our 2021 cycling stock some major ...
-
ArticleOutdoor and bike industry stocks rose by 3.0% in Q4
Our quarterly analysis of the outdoor stock market shows a 3.0 percent sequential increase in the average stock prices of 32 public companies primarily involved in the outdoor and bicycle sectors between Sept. 30 and Dec. 31, 2021. This came after increases for most of the same companies of 18.9 ...
-
ArticleExcellent financial year enables Accell to repay government Covid credit facility
Based on its sales and profit growth in 2021, Netherlands-based Accell Group N.V. will fully repay its “Go-C” facility issued during the Covid-19 pandemic before the end of the year. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal to full-year availability. ...
-
News briefsAccell appoints Chief Supply Chain Officer
Accell Group has appointed Francesca Gamboni, currently SVP of Stellantis (the merger of the former PSA Group and Fiat Chrysler) in Paris, in charge of the global supply chain, to the position of chief supply chain officer, tackling what has become an important and complex issue in the bike sector ...
-
ArticleOutdoor industry stocks declined by 6% in Q3
Public companies involved in the outdoor and bike sectors saw their average share value decline by 6.0 percent between June 30 and Sept. 30 of this year, after rising by 18.9 percent during the first quarter and by 13.8 percent during the second quarter. The sector performed a little better ...
-
News briefsRaleigh’s DACH region distribution to return from PBG to Accell in 2023
The Dutch Pon Bike Group ( PGB , with brands Cervélo , Focus , Gazelle , Juliana , Kalkhoff , Santa Cruz , Union and others) has been distributing the traditional British bicycle brand Raleigh as a licensed brand in the German-speaking markets since 2005. As the ...
