Accell Group sells non core US business and completes strategic review North America
(WorldNews Netherlands)

PRESS RELEASE ACCELL GROUP SELLS NON CORE US BUSINESS AND COMPLETES STRATEGIC REVIEW NORTH AMERICA Parties agree distribution partnership in the US for Raleigh, Haibike and Ghost HEERENVEEN (THE NETHERLANDS), August 7th, 2019 - Accell Group N.V. ("Accell") reached agreement with private equity firm Regent LP ("Regent") for the sale of its loss making US business including the worldwide registrations1of the brands Diamondback, Redline and IZIP. In addition, Accell and Regent agreed on an exclusive 2-year US distribution partnership for the international Accell brands Raleigh, Haibike and Ghost. The total consideration amounts to US$ 1 and a maximum contingent consideration...