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Tag Archives: Accell Group

Fibrax confirms Raleigh as core UK stockist

Raleigh has agreed a deal to become a core stockist of Fibrax’s entire range of cycling components produced in the UK. Fibrax, manufacturer and supplier of high-performance brake pads, cables and ancillary cycling components, says it is the only company to design and manufacture e-bike specific brake pads, meaning it is …

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Accell Group takes “significant step” with Velosophy acquisition

Accell Group has completed the acquisition of Dutch e-cargo bike solutions provider Velosophy.  Accell, which previously held a 35 per cent minority stake in Velosophy, will now take on Babboe, CarQon and Centaur Cargo as part of the acquisition. Velosophy launched the Babboe brand more than ten years ago with …

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Accell Group announces stock conversion ratio

The Accell Group has announced the conversion ratio of its stock dividend for the financial year 2017. Shareholders were given the choice to receive a dividend for the financial year 2017 either in cash or shares charged to the share premium reserve, the number of dividend rights that entitles to …

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Accell Group buys Beeline Bikes

Accell Group has announced an increase in its minority stake of Beeline Bikes to 100 per cent. Beeline Bikes is a mobile bike service company based on a franchise concept that delivers a “turn-key sales, service and data collection solution tailored for independent bicycle dealers in North America.” Accell, which …

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Ex-Shimano, Accell Group Kim Madsen joins Blaze

Blaze founder and CEO Emily Brooke has announced the appointment of Kim Madsen to the new role of sales manager. Madsen is now the first hire of an international sales manager for the British cycling technology company. He has more than 20 years of experience in the international bicycle industry, …

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The future is electric for Accell

The Accell Group recently published a comprehensive breakdown of its business in 2017. The results showed a steep decline in profits, with an overall operating result of €38 million. This number represents a 37 per cent decrease on the previous 12 months, despite a “slightly higher” turnover of €1.07 billion …

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