HEERENVEEN, Netherlands (BRAIN) Tuesday April 3 2012 7:27 AM MT—Accell Group is in talks to buy Raleigh Cycle Limited, the owner of the Raleigh, Avenir and Diamondback brands.
The company announced Tuesday that "it is engaged in exclusive discussions ... which, if successfully concluded, could lead to the acquisition of Raleigh by Accell Group."
Accell Group owns a wide array of bike brands, including Batavus, Koga, Sparta, Winora, Hercules, Hai Bike, Ghost, Lapierre, Atala, Redline, Tunturi and XLC. In North America, it owns the distributor Seattle Bike Supply and most recently acquired e-bike supplier Currie Technologies.
According to Accell, Raleigh has approximately 430 employees, had sales of over $260 million last year and sold approximately 850,000 bicycles.
Please check BRAIN again today as we report more details of this developing story.