Dutch bike maker Accell is in exclusive talks to take over British bicycle company Raleigh, the Dutch firm said on Tuesday morning.
Stock exchange-listed Accell said in a statement it would make further announcements if and when appropriate.
Accell booked turnover of €628m in 2011 and net profit of €40m. The company, which includes Batavus and Sparta among its brands, claims to be European market leader, and books 34% of its turnover in the Netherlands.
Raleigh, founded 125 years ago, booked sales of $260m last year, Accell said.
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