Accell Group N.V. has signed a letter of intent for the acquisition of Julius Holz GmbH & Co. KG in Munich, a firm trading in bicycles, bicycle parts and bicycle accessories. After the acquisition of Juncker B.V. and Van Buuren & Co. B.V. in The Netherlands earlier this year, this is the next step in Accell Group's growth strategy, whereby the company's position will also be further expanded in the German market for bicycles, bicycle parts and accessories. The acquisition will be financed from Accell Group's own resources.
Julius Holz GmbH is a wholesale company for the bicycle business, with a strong position in Southern Germany. As a new part of Accell Group, the company will collaborate closely with Winora Group.
René Takens, Chairman of the Board of Directors of Accell Group: “After the acquisition of the German company BikeParts in 2001 as a part of Winora, and the recent acquisitions of Juncker and Van Buuren, the acquisition of Julius Holz is a nice step forwards in the expansion of our trading in bicycle parts and accessories. We see advantages from this collaboration in areas such as logistics, portfolio management and purchasing.”