ACCELL GROUP

Heerenveen, the Netherlands – Today, Accell Group (Accell), a leading European manufacturer of bicycles, bicycle parts and accessories, shared a business and financial update.

Heerenveen, the Netherlands – Accell Group (Accell) is pleased to announce it has signed a 4-year partnership contract with Dutch cycling team Team Picnic PostNL. Accell’s high-performance and innovative cycling brand Lapierre will be the bike partner for the team. XLC, Accell’s European brand of bicycle parts and accessories, will provide the riders with a range of accessories and everything they need for their travel. The partnership takes effect on 1 January 2025.

Heerenveen, the Netherlands – Accell Group (Accell), a leading European bicycle manufacturer, is pleased to announce the validation of its greenhouse gas emissions reduction targets by the Science Based Targets initiative (SBTi). The targets are in line with the Paris Climate Agreement.

Heerenveen, the Netherlands - Accell Group (Accell) has invited all its suppliers to participate in a free Climate Action Training course designed for the cycling industry, aiming to reduce greenhouse gas emissions across the industry's global supply chains.

Heerenveen, the Netherlands - Accell Group (Accell) is pleased to announce it has secured sufficient support from its key stakeholders to proceed with implementation of the recapitalisation. The recapitalisation creates a sustainable financial and operational platform for Accell to execute its strategy. Approximately 80% of Accell’s senior term and revolving facility lenders have committed their support for the recapitalisation, while Accell’s other key creditors unanimously back the plan. With this, Accell has reached the required approval thresholds for the implementation of the transaction by way of a UK Scheme of arrangement.