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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 N.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 that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. As of December 31, 2023, the firm had completed more than 730 private equity investments in portfolio companies with approximately $710 billion of total enterprise value. As of December 31, 2023, assets under management (AUM) and fee paying assets under management (FPAUM) were $553 billion and $446 billion, respectively.
Mountain Equipment Co-op is a Canadian co-op that started the MEC outdoor gear retail brand. The MEC brand name, assets and store leases were purchased by the American private investment firm Kingswood Capital Management's subsidiary Mountain Equipment Company in October 2020. 1077 Holdings Co-operative remains active to deal with the remaining claims by creditors and will be wound up at some point in the future.
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.
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.
Sparta B.V. is a Dutch bicycle manufacturer based in Apeldoorn that also produced motorcycles and Mopeds. It is the largest electrical bike manufacturer in Europe.
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.
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 name of bicycle, not a bicycle company.
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.
Pon Holdings BV is a Dutch conglomerate in the transportation sector. It was founded in 1980 by Ben Pon, Jr., a former racing car driver and son of Ben Pon, Sr., who became the importer of Volkswagen in the Netherlands in 1947. As of 2021 it is still owned by the Pon family.
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. Formely 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.
The Zweirad-Einkaufs-Genossenschaft (ZEG) is a purchasing association of over 1000 bicycle shops in Europe. The seat of the cooperative is in Cologne.