Accell Group N.V. has agreed to acquire of all shares in Van Nicholas, a high-end niche player in titanium bicycles and frames.
Van Nicholas and Koga are in a similar phases of growth in an attractive high-end market segment,” said René Takens, CEO of Accell Group. “Koga will develop and lead the rollout of Van Nicholas’s international strategy. The acquisition additionally provides valuable know-how which we can deploy in R&D across the whole group. Van Nicholas is a high-end niche player which has grown swiftly in recent years to a turnover of several million euro’s with very healthy margins. The company is an excellent fit with our portfolio and strategy.’’
Koga Managing Director Wouter Jager said titanium is one of the most attractive materials for a high-quality frame, but requires special knowledge. “That is exactly what Van Nicholas has to offer,” he said. “The brand has manifested itself as a major player in the high-end segment in a short period of time. The cooperation between Koga en Van Nicholas offers great synergies which enables us to accelerate international growth to our customers in the top-end segment who can now also choose titanium as an alternative for aluminum or carbon.’’
Van Nicholas Founder and Owner Jan-Willem Sintnicolaas said the deal will allow him to focus on his passion of developing appealing titanium frames and bicycles.