The liquidation of the insolvent bicycle group Accell is moving forward. The Singapore-based industrial group Dutech has acquired significant parts of the Dutch company. The acquisition package includes the trademark rights to Batavus, Koga, Babboe, Carqon, Loekie, and XLC. In addition, Dutech is taking over Accell’s IT systems and its Hungarian operations, including the bicycle factory there. No details about the purchase price have been disclosed.

Dutech is no stranger to the bicycle industry. The group already owns the German brands Prophete, Kreidler, and vsf fahrradmanufaktur. With the acquisition of the Accell brands, the group is significantly expanding its position in the European bicycle market.

Sparta Goes to Tenways

A new owner has also been found for the long-established Dutch brand Sparta. The Chinese-Dutch e-bike manufacturer Tenways is acquiring the brand rights, intellectual property, and production documentation for various Sparta models. The insolvency administrators had offered Sparta for sale separately in order to achieve the highest possible proceeds.

Tenways was founded in China in 2021 and is now headquartered in Amsterdam. The company focuses on electric city and trekking bikes. With Sparta, the young company is acquiring a brand whose history dates back to 1917. It is not yet known how Tenways plans to continue the legacy brand in the future.

What will become of Haibike, Ghost, and Winora?

The future of the German Accell subsidiaries—which include the Haibike, Ghost, and Winora brands—remains uncertain. These, too, could end up under Dutech. Discussions about a possible takeover are underway, but no concrete results have been announced yet.

Accell was once one of Europe’s largest bicycle manufacturers. Following the boom during the COVID-19 pandemic, the group came under increasing pressure due to high inventory levels, declining demand, and financial difficulties. In August 2026, insolvency proceedings were initiated against the Dutch subsidiaries.

With the sale of individual brands and business units, the restructuring of the former bicycle giant is now taking shape. The insolvency administrators are conducting further talks with interested parties. It remains to be seen how much of the former Accell Group will ultimately remain.