Menu
26/04/2012
Raleigh Bought By Dutch Rival
Nottingham based Raleigh Cycle, one of the best-known and oldest bicycle makers in the UK, has been bought by Dutch rival Accell for £62m ($100m).
Subject to approval from competition authorities the deal is expected to go through at the end of May.
Famous for bikes such as the Chopper in the 1970s and the Vektar in the 1980s, Raleigh have been making bicycles 125 years, also makes bikes under the Diamond Back brand.
Founded in 1880 by Sir Frank Bowden on Raleigh Street, the company employs 430 people worldwide, including 100 design staff in Eastwood, Nottingham. Many of the bikes have been made in the Far East since Raleigh ceased production in its home city in 2002.
At one time, the firm was the biggest bicycle maker in the world. In its heyday, after World War II, Raleigh employed some 8,000 people.
"Raleigh is one of the very few examples of a UK company which has successfully migrated from a pure manufacturing model into a global brand; boosting international sales, particularly in North America, and with a fast growing presence in Asia," said Jonathan Buxton, partner at Cavendish Corporate Finance, which advised on the deal.
(H)
Subject to approval from competition authorities the deal is expected to go through at the end of May.
Famous for bikes such as the Chopper in the 1970s and the Vektar in the 1980s, Raleigh have been making bicycles 125 years, also makes bikes under the Diamond Back brand.
Founded in 1880 by Sir Frank Bowden on Raleigh Street, the company employs 430 people worldwide, including 100 design staff in Eastwood, Nottingham. Many of the bikes have been made in the Far East since Raleigh ceased production in its home city in 2002.
At one time, the firm was the biggest bicycle maker in the world. In its heyday, after World War II, Raleigh employed some 8,000 people.
"Raleigh is one of the very few examples of a UK company which has successfully migrated from a pure manufacturing model into a global brand; boosting international sales, particularly in North America, and with a fast growing presence in Asia," said Jonathan Buxton, partner at Cavendish Corporate Finance, which advised on the deal.
(H)
Related UK National News Stories
Click here for the latest headlines.
25 April 2007
Volunteer worker killed in Borneo road crash
A volunteer project manager with youth charity Raleigh International has been killed in a road accident in Borneo. Toby Eaton-Baudains, 29, from Barlow in Derbyshire, died in the accident on Monday, which occurred while he was travelling with a group from Sepilok orangutan sanctuary to the project site at Batu Puteh.
Volunteer worker killed in Borneo road crash
A volunteer project manager with youth charity Raleigh International has been killed in a road accident in Borneo. Toby Eaton-Baudains, 29, from Barlow in Derbyshire, died in the accident on Monday, which occurred while he was travelling with a group from Sepilok orangutan sanctuary to the project site at Batu Puteh.
26 May 2011
Review Of Film Policy Announced
The Government has announced that it is launching a review of film policy. Former Culture Secretary Chris Smith will chair an eight-strong panel of industry experts including Oscar-winning actor and writer Julian Fellowes.
Review Of Film Policy Announced
The Government has announced that it is launching a review of film policy. Former Culture Secretary Chris Smith will chair an eight-strong panel of industry experts including Oscar-winning actor and writer Julian Fellowes.
10 November 2011
Tax Relief For Film Makers Extended
The Prime Minister has announced the extension of film tax relief, the Government’s tax break for the British film industry, until the end of December 2015.
Tax Relief For Film Makers Extended
The Prime Minister has announced the extension of film tax relief, the Government’s tax break for the British film industry, until the end of December 2015.
11 August 2010
Gun-Makers Caught By CCTV
A duo responsible for producing deadly weapons, including some that wouldn't look out of place in a James Bond film, have been jailed for a total of 23 years.
Gun-Makers Caught By CCTV
A duo responsible for producing deadly weapons, including some that wouldn't look out of place in a James Bond film, have been jailed for a total of 23 years.
20 April 2009
Non-Prescription Diet Pills Go On Sale
An over-the-counter diet pill which claims to flush out 25% of the fat from food is to go on sale in Britain on Wednesday. Alli - also known as orlistat - will be available to dieters with a body mass index (BMI) of 28 or over, without the need for a prescription from their GP.
Non-Prescription Diet Pills Go On Sale
An over-the-counter diet pill which claims to flush out 25% of the fat from food is to go on sale in Britain on Wednesday. Alli - also known as orlistat - will be available to dieters with a body mass index (BMI) of 28 or over, without the need for a prescription from their GP.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
