14 Nov 18

Pon buys stake in bicycle manufacturer

Pon, a mobility products and solutions provider from the Netherlands and also the Dutch VW importer, has acquired a stake in Accell Group, aiming to control 20% of the bicycle manufacturer.

In 2017, Pon, which also owns bicycle brand Gazelle, had tried to acquire full control of Accell, the mother company of Batavus and Sparta. Pon's offer was turned down.

At this moment, Pon is not looking to take over full control of Accell. It is offering €19 per share, roughly 20% more than the company's current valuation.

Authored by: Benjamin Uyttebroeck