Accell Group reports growth in third quarter revenue

By Stephen Frothingham

Sales of higher priced e-bikes in Europe continue to drive revenue and profits.

HEERENVEEN, Netherlands (BRAIN) — Accell Group reported growth in revenue in the third quarter, which the Dutch conglomerate attributed to healthy sales of the company’s German and French bike brands.

Accell owns several European brands including Batavus, Sparta, Koga, Loekie, Ghost, Haibike, Winora, Lapierre, Tunturi, Atala and XLC. It also owns a U.S. subsidiary, Accell North America, which sells Raleigh, Diamondback, Lapierre, Ghost, …read more

Via:: Bicycle Retailer and Industry News