Accell Group Acquired by Investment Fund Consortium for 1.56 Billion Euros

Accell Group, a European market leader in e-bikes and the second largest in bicycle parts and accessories, has been acquired by an investment fund consortium led by KKR, the largest private equity investor in digital services and technology in Europe, as well as Teslin, holding approx. 10.8% of the shares, for approximately 1.56 billion Euros. The offer is subject to certain customary conditions and is expected to be completed this year in late Q2 or early Q3.

Well-known bicycle brands in Accell’s portfolio include Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe and Carqon, while XLC is their brand for bicycle parts and accessories. The company employs approximately 3,100 people in 15 countries worldwide.