Business · Companies · 2 days ago

Batavus, KOGA and Babboe sold to Singaporean investor Dutech

Batavus, KOGA and Babboe sold to Singaporean investor Dutech

The Batavus, KOGA and Babboe bicycle brands have been sold to Singaporean investor Dutech.

Their parent company, Dutch bicycle maker Accell, was declared bankrupt in August.

The brands are expected to continue under their new owner.

Accell’s IT platform and its Hungarian operations have also been sold to Dutech.

The platform will transfer later and will remain available for now to help settle Accell’s bankruptcy.

Accell employed nearly 2,000 people across 15 countries, and some staff may continue under the new owner.

Talks are still under way to sell Accell’s remaining parts.

Sources

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