UPDATE 1-Accell pedals off with Raleigh bikes
(Writes through, adds detail and background) * Deal values Raleigh at 76 mln euros including debt * Raleigh sold 850,000 bikes in 2011, had 200 mln eurrevenue * CEO Finden-Crofts to get multi-million stg ... Raleigh sold to Accell for $100m
UK bike maker Raleigh has been sold to Dutch firm Accell for $100m (£62m). The move by Accell, which already owns a number of well known brands such as Lapierre and Ghost, strengthens their position as one of the largest companies in the bike market. The deal should go through by the end of May but is subject to approval from competition authorities. Raleigh?s management team intends to stay on ... Raleigh Cycle sold to Accell for $100m
Raleigh Cycle, one of the most famous brand names in the bicycle industry, has been sold to Dutch company Accell for more than $100m (£62m). The week in tech: Raleigh bought by Accell; split downtube on new Merckx TT bike
Raleigh has been bought by Dutch company Accell Group; Gold spokes on new Obermeyer wheels?; Split downtube on new Merckx aero frame
