Maker of Raleigh, Sparta, and Batavus bikes declared bankrupt.
Trustees are trying to keep Accell Group’s operations running while takeover bids are considered, but manufacturing in Hungary, where operations were recently centralized, has halted leading to concerns about spare parts and warranty claims. The Hungarian factory has an annual capacity of almost 300,000 bicycles, of which almost 99 percent are e-bikes. [Link: Accell Group declared bankrupt | https://www.bike-eu.com/52955/breaking-news-accell-group-declared-bankrupt | Bike Europe]
Trustees are trying to keep Accell Group’s operations running while takeover bids are considered, but manufacturing in Hungary, where operations were recently centralized, has halted leading to concerns about spare parts and warranty claims. The Hungarian factory has an annual capacity of almost 300,000 bicycles, of which almost 99 percent are e-bikes.
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