Owner of Raleigh bikes sold in €1.56 billion deal

US private equity firm KKR has bought Dutch bicycle company Accell Group

Raleigh Bicycle Company
(Image credit: PA)

US private equity firm KKR has bought Dutch company Accell Group, one of Europe's largest bike manufacturers and owner of Raleigh, for €1.56 billion (£1.31 billion).

Accell acquired Raleigh in 2012, adding the British brand to a portfolio which currently includes Haibik, Ghost, Koga, Sparta and Batavus.

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Staff Writer

Ryan is a staff writer for Cycling Weekly, having joined the team in September 2021. He first joined Future in December 2020, working across FourFourTwo, Golf Monthly, Rugby World and Advnture's websites, before making his way to cycling. After graduating from Cardiff University with a degree in Journalism and Communications, Ryan earned a NCTJ qualification to further develop as a writer.