Company type | Design, Manufacture |
---|---|
Industry | Transportation |
Fate | Active |
Headquarters | , Netherlands |
Areas served | Canada, Europe, USA |
Products | Bicycles, Electric bicycles |
Number of employees | 3,000 (2021) |
Parent | KKR |
Website | www |
Accell Group B.V. is a bicycle company based in Heerenveen, Netherlands. They own the bicycle brands Atala, Babboe, Batavus, Carraro Cicli, Ghost, Haibike, KOGA, Lapierre, Loekie, Nishiki, Raleigh, Sparta, Torker, Tunturi, Van Nicholas, Winora, and XLC components. [1]
Accell sells about 1.1 million bicycles a year, mainly in the American and European markets. [2]
In 2017, Accell lost the contract to sell bicycles through the outdoor chain Dick's Sporting Goods. This resulted in a yearly net loss of nearly $6 million. [3]
In August 2019, Accell sold Diamondback, Redline, and IZIP Electric Bikes to Regent, LP. Regent and Accell also announced that they will partner for two years to distribute Raleigh, Haibike, and Ghost, which Accell continues to own. [4]
In January 2022, Accell Group agreed to a €1.56 Billion buyout offer led by the US-based firm KKR. [5]
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company. As of December 31, 2023, the firm had completed private equity investments in portfolio companies with approximately $710 billion of total enterprise value. Its assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.
Serotta is an American bicycle builder located in Saratoga Springs, New York. Named after founder Ben Serotta, the company was founded in 1972.
Giant Manufacturing Co. Ltd. is a Taiwanese bicycle manufacturer, recognized as the world's largest bicycle designer and manufacturer. Giant has manufacturing facilities in Taiwan, the Netherlands, China and Hungary. They have future plans for Vietnam to be the fifth location.
Pacific Cycle, Inc., is an American division of Dutch conglomerate Pon Holdings that imports and distributes bicycles. It was founded in 1977 by Chris Hornung. The company pioneered the sourcing of bicycles from the Far East for distribution in the U.S., developing relationships with suppliers primarily in Taiwan and China. The company now owns several well known bicycle brands as well as diversifying into bicycle accessories and other types of children's play equipment. Pacific Cycle sells more bicycles than any other company in North America and is one of the most prolific bicycle suppliers in the world. In 2006, Chris Hornung left Pacific Cycle leaving President Jeff Frehner in control. Alice Tillett has been the President of Pacific Cycle since 2008.
Miyata is a Japanese manufacturer of bicycles, unicycles and fire extinguishers. The company has been in operation since 1890. Miyata was also one of the first producers of motorcycles in Japan under the name Asahi. The Asahi AA was the first mass-produced motorcycle in Japan.
Ross Bicycles Inc. manufactured over 15 million bicycles under the Ross brand between 1946 and 1988. The company began in Williamsburg, New York, United States, later moving its headquarters and manufacturing to Rockaway Beach, Queens. The headquarters remained in Rockaway when manufacturing was later moved to Allentown, Pennsylvania where Sherwood could focus on designing his high end Gran Eurosport model which featured synthetic grease, polished bearings, and 26 skip tooth front sprocket for friction reduction. Sherwood Ross, against the advice of his vice president Randy Ross, retooled the Allentown factory and experimented in unrelated bicycle endeavors involving government contracts. Randy Ross moved Ross bicycles manufacturing to Taiwan to keep margins competitive and bicycle manufacturing profitable, but Sherwood Ross's decision to keep the Allentown factory working on government contracts ultimately led to the company having to file for bankruptcy protection in 1988 Ross Bicycles was re-established on July 31, 2017 by Shaun Ross, the current CEO of Ross Bicycles.
Kinesis Industry Co. Ltd. is a manufacturer of aluminum and carbon fiber bicycle frames, forks, and components. Based in Taiwan, it has a plant in Guangzhou, China, and an American subsidiary in Portland, Oregon that generates $5-$10 million in annual sales. The company was founded in 1989 by former employees of Giant Bicycles, and was headed by Tom Jeng until 2011, when he left to form Jovial Bike Components.
Specialized Bicycle Components, Inc., colloquially known as and stylized as SPECIALIZED, is an American company that designs, manufactures and markets bicycles, bicycle components and related products under the brand name "Specialized", as well as the premium and professional oriented "S-works".
The bicycle industry or cycling industry can broadly be defined as the industry concerned with bicycles and cycling. It includes at least bicycle manufacturers, part or component manufacturers, and accessory manufacturers. It can also include distributors, retailers, bicycle organizations, bicycle event promoters, and bicycle related service providers.
The Raleigh Bicycle Company is a British bicycle manufacturer based in Nottingham, England and founded by Woodhead and Angois in 1885. Using Raleigh as their brand name, it is one of the oldest bicycle companies in the world. After being acquired by Frank Bowden in December 1888, it became The Raleigh Cycle Company, which was registered as a limited liability company in January 1889. By 1913, it was the largest bicycle manufacturing company in the world. From 1921 to 1935, Raleigh also produced motorcycles and three-wheel cars, leading to the formation of Reliant Motors. Raleigh bicycle is now a division of the Dutch corporation Accell.
Nishiki is a brand of bicycles designed, specified, marketed and distributed by West Coast Cycle in the United States, initially manufactured by Kawamura Cycle Co. in Kobe, Japan, and subsequently by Giant of Taiwan. The bicycles were first marketed under the American Eagle brand beginning in 1965 and later under the Nishiki brand until 2001.
Merida Industry Co., Ltd is a Taiwan-based company with R&D headquarters in Germany that designs, manufactures, and markets bicycles globally in over 77 countries. Founded in 1972 by Ike Tseng (1932–2012), the company designs and manufactures over two million bicycles a year at its factories in Taiwan, China, and Germany. After Tseng's death in January 2012, his son Michael Tseng became the company's president.
Diamondback Bicycles is an American bicycle brand that is based in Kent, Washington. Diamondbacks are sold in many countries, including the United States, Australia, Canada, and the United Kingdom. Most Diamondbacks are considered to be mid-type bicycles, with a high-end prototype in development as of 2011. Diamondback is owned by global private equity firm Regent, L.P., which also owns Redline Bicycles.
Redline Bicycles is an American company offering BMX, freestyle, cyclocross, mountain (MTB), and road bicycles and components that is currently owned and operated by Regent, L.P. It also owns and operates a clothing line and five race teams. Redline is predominantly known for its long heritage in BMX racing. It is often referred to as the original BMX bicycle manufacturer having innovated many revolutionary components for the sport such as tubular chromoly forks and cranks.
Focus & Kalkhoff Holding GmbH based in Cloppenburg, Germany, is one of the three largest manufacturers of bicycles in Europe. During the 2010/11 fiscal year Derby employed 756 people. Derby Cycle has a 14% market share in Germany. Formerly the Derby Cycle AG is listed in the Prime Standard of the regulated market of the Frankfurt Stock Exchange.
Lapierre is a bicycle manufacturing company based in Dijon, France. Lapierre bicycles are ridden by French UCI WorldTeams Groupama–FDJ and FDJ Suez Futuroscope. Their mountain bikes have been notably ridden by Nicolas Vouilloz and he has been involved in the development of the bikes.
Regent, L.P. is a multi-sector private equity firm based in Beverly Hills, California. Many of Regent's investments have been in the software, technology, consumer products, retail and media space. Its founder and chairman is Michael Reinstein.
Advanced Sports International (ASI) is an American bicycle company whose flagship brand is Fuji Bikes. It also owns smaller brands including triathlon-focused Kestrel USA, component maker Oval Concepts, Breezer bikes, Tuesday Cycles and BMX maker SE Bikes. ASI is headquartered in Philadelphia and was led by Patrick Cunnane until filing for bankruptcy.
The Zweirad-Einkaufs-Genossenschaft (ZEG) is a purchasing association of over 1000 bicycle shops in Europe. The seat of the cooperative is in Cologne.