WiggleCRC acquires German rival Bike24 in reported £100m deal

Online cycling retailer gets even bigger

Following the merger of Wiggle and Chain Reaction Cycles in 2016, WiggleCRC has now announced that it has acquired leading German rival Bike24 in a deal reported to be worth £100 million.

The move will see WiggleCRC expand further into mainland Europe, with Bike24 reporting revenues of €84.5 million (£75 million) in 2016, with its market predominantly in Germany, Austria, and Switzerland.

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Henry Robertshaw began his time at Cycling Weekly working with the tech team, writing reviews, buying guides and appearing in videos advising on how to dress for the seasons. He later moved over to the news team, where his work focused on the professional peloton as well as legislation and provision for cycling. He's since moved his career in a new direction, with a role at the Department for Environment, Food and Rural Affairs.