Accell Group N.V. said it has agreed to acquire all shares in Bäumker & Co. GmbH (“Bäumker”), a trading company in bicycles, bicycle parts and accessories based in Rheine, Germany. Bäumker operates in its home market via a close regional network of dealers, generally in northern and middle Germany and distributes Accel's Batabus brand of bicycles among others.
Bäumker supplies retailers and specialist stores of bicycles and bicycle parts. Since its incorporation in 1931, the company has built a reputation as a reliable and respected supplier.
Bäumker has around 35 employees and recorded a turnover of around
Accell Group is market leader in Europe in the bicycle market and is at the top end of the market for ‘home use’ fitness equipment. Its turnover came to € 538.0 million in 2008 and its net profit € 28.6 million. Accell Group shares are traded on Euronext Amsterdam.