AMSTERDAM, August 5, 2026 — Accell Group Holding B.V. and its Dutch subsidiaries have been granted a court-approved suspension of payments after the European bicycle group concluded that it could no longer meet its financial obligations.

The decision follows an extensive review of strategic alternatives for the company, including discussions with several interested parties, consideration of multiple offers and efforts to obtain regulatory approval for a potential merger. Accell said none of these options produced a viable solution that would allow the Group to continue operating in its current form.

In February, Accell completed a major operational and financial restructuring with support from its shareholders and lenders. The agreement provided additional funding, substantially reduced the Group’s debt and transferred ownership of Accell to its lenders. However, the new ownership structure was intended only as a temporary arrangement while a long-term solution was pursued.

With those efforts now exhausted, Accell’s directors have determined that local insolvency proceedings involving the relevant subsidiaries are the necessary next step.

“This is a deeply sad and frustrating situation given all the hard work and everything we have achieved, with the support of shareholders and lenders, to restructure Accell’s operations and finances,” CEO Jonas Nilsson said.

Accell’s immediate priority is to support an orderly process and cooperate with court-appointed administrators. The company will seek to preserve commercially viable operations and employment wherever circumstances permit, while providing further clarity to employees, creditors, customers, suppliers and business partners.

The Group said additional information will be released when available.