Accell Group sells Nishiki to Turkish bike manufacturer

February 4, 2026

Turkish manufacturer Kron Bicycle has acquired Nishiki from Accell Group, taking over the brand that Accell picked up via a Finnish distributor in 2009. Kron said Nishiki will plug into its production and supply chain while keeping its own “brand DNA.” Founded in 2004, Kron distributes across 81 Turkish provinces and said the deal will help expand its European reach.

The sale lands amid rising questions over Accell Group’s finances. Last month, it sold Van Nicholas, and soon after, the Financial Times reported the private-equity-owned group was preparing a second debt restructuring, with insolvency or further asset sales possible if new funding didn’t materialise. Accell continues to operate 10 brands including Raleigh, Lapierre, Haibike, Ghost and cargo bike brand Babboe. Escape Collective