Inactive Instrument

Accell Group N.V.

ACCEL

NL0009767532

ACCELL GROUP : sells Hercules to ZEG

January 31, 2014 at 12:38 pm EST

MarketScreener.com By The editorial team

Heerenveen, (The Netherlands) 31 January 2014 - Accell Group N.V. ("Accell Group") has reached
agreement on the sale of its German Hercules business to German company Zweirad-Einkaufs-
Genossenschaft eG ("ZEG"). The divestment of Hercules improves the distinctive market
positioning of the Accell Group brand portfolio in Germany and optimizes Accell Group's available
resources for investing in its other German brands. In 2013, Hercules booked turnover of around €
31 million and a limited positive operating result.

Available documents

5112836.pdf (Adobe PDF-document, 32Kb)
Accell Group sells Hercules to ZEG

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Chart Accell Group N.V.

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Company Profile

Accell Group N.V. is the European leader in the design, production and marketing of bicycles. Net sales break down by family of products as follows: - bicycles (71.4%): trekking, town, mountain, children's and racing bikes (Haibike, Winora, Ghost, Batavus, Koga, Lapierre, Raleigh, Sparta, Babboe and Carqon brands, etc.); - bicycle parts and accessories (28.6%). Products are marketed primarily via specialized retailers. Net sales are distributed geographically as follows: the Netherlands (26.3%), Germany (40.5%), Europe (31.8%) and other (1.4%).

Sector

Recreational Products

More about the company

Sector Bicycle Manufacturing

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Bicycle Manufacturing