NEWS
Raleigh bought by Accell Group
The sale of Raleigh to the Accell Group of the Netherlands, mooted at the beginning of April, has now been completed
by Carlton Reid
and keep up to date. We’re in the process of building relationships with the trade and welcome any businesses with an interest in cycling, or triathlon to get in touch with their thoughts and enquiries on the event.” Though still early days, Gale said he expects the show to have a trade element and welcomes trade visitors. Trade ticket prices are still yet to be decided, though consumer visitors will pay £12 on the door, or £9 in advance. Zone sponsors and partners are sought for many of the interactive features planned. Contact sales exec Aaron Dombey on 01923 237799.
launches
“We’re in no hurry to add products. We want
to keep it small. If we find something interesting to add, we will, but not before.”
Gerard Vroomen, Open
ACCELL GROUP has bought Raleigh, valued at €76 million ($100 million). The acquisition price for the Raleigh shares was approximately €60 million. The sale is still subject to approval of the German competition authorities and is expected to occur at the end of May. René Takens, chief executive officer of
Accell Group said: “We are very pleased with the acquisition of Raleigh, another milestone for our company. Acquiring Raleigh adds a strong traditional and global brand with a rich heritage to our brand portfolio and with the Diamondback brand we strengthen our position in the mountain bike and BMX segment. We also strengthen our
position in bicycle parts and accessories in North America and the United Kingdom improving Accell Group’s global competitiveness in this field." He added: "We have great confidence in Raleigh’s management team and will fully support future growth of Raleigh within our group.”
BA Pres welcomes Summer of Cycling
by Jonathon Harker
THE PRESIDENT of the Bicycle Association of Great Britain has praised the ‘truly united effort’ behind the creation of 2012’s Summer of Cycling. Speaking at the Houses of Parliament-
set annual general meeting last month, BA president Mark Bickerton lauded the 35 organisations that had collaborated to create the cycling ‘plus one’ initiative running this summer – where cyclists pledge to get a non-cycling friend on a bike.
Bickerton said: “The world of cycling is full of highly individual people and organisations – all passionate, all committed to what they do – but not always very good at working together. “Our idea was to persuade everyone who cycles and has an interest in cycling
to collaborate together in 2012, even if for one year only. “The All Party Parliamentary Cycling
Group became patrons of the idea and now we have the Summer of Cycling, launched here in the Commons by over 120 people representing over 35 different organisations.” Over 20 members of the BA attended the AGM, which was opened by
Cambridge MP and co-chair of the All Party Parliamentary Cycling Group (APPCG) Julian Huppert MP. Huppert told the room that there was the political will to follow up on this year’s ground-breaking cycle debate in Westminster Hall. The next meeting should take place, he said, with firm ideas on the table that can be voted on by the cross-party group of politicians. The AGM also tackled the latest statistics for the market. Bickerton said: “Imports were slightly lower in 2011 than 2010, which was reflected in residual inventory at the distributors and retailers, but it averaged out over the two years at approximately 3.7million units and £312million per year.” There will be a fuller report from the
BA AGM in the next edition of BikeBiz.
www.summerofcycling.net
The No.1 multi-purpose maintenance product now available from
www.chickenb2b.co.uk Alan Finden Crofts Alan Finden-Crofts, chief executive
officer of Raleigh Cycle said: “I am delighted with the conclusion of the sale of Raleigh to Accell Group. As talks progressed with the various interested parties earlier this year, Accell Group emerged as the clear preferred buyer for the business, given the highly complementary product range and geographic presence of the two businesses. "I am entirely confident that Raleigh
has found the ideal buyer to support the employees, customers, suppliers and the future growth of the business.” Raleigh’s management team is expected to stay after the acquisition. Finden-Crofts will remain as an advisor for at least another six months.
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