Business
Acquisition Of Boardman Bikes
Acquisition Of Boardman Bikes.
About this update from Halfords Group Plc
[{"type":"text","content":"\n \nRNS Number : 8284I Halfords Group PLC 04 June 2014 \n \n\n \n \n4 June 2014\nHalfords Group plc\nBoardman Bikes Limited and Boardman International Limited\n \nHalfords Group plc (\"Halfords\") is pleased to announce that it has acquired Boardman Bikes Limited and Boardman International Limited (together \"Boardman Bikes\").\n \nHalfords sells the Boardman Performance Series exclusively in the UK and ROI, with the Boardman Elite Series sold at selected independent cycling retailers in the UK and USA. Both ranges are sold internationally by leading distributors and retailers such as Rebel Sports Group (Australia), Integrated Riding (Singapore) and Biken (South Korea). \n \nBoardman Bikes will remain a standalone entity with the business continuing to be led by Andy Smallwood as Managing Director, with Chris Boardman as Chairman and Design Director. \n \nGuidance for FY15 provided on 22 May 2014 remains unchanged on today's announcement. \n \n \nChris Boardman, founder and Chairman of Boardman Bikes commented:\n\"On behalf of Boardman Bikes I am delighted by today's news. We look forward to building on the success we have had to date with independent retailers, in international markets and with Halfords. This step will take the brand to the next level and their backing will allow us to further develop our research & development and extend our award-winning cycling ranges.\"\n \nMatt Davies, Halfords Chief Executive commented:\n\"Our investment in Boardman Bikes, which have been ridden by multiple Olympic and world champions, demonstrates our growing position as a specialist cycling retailer. We have worked with Chris and his team since 2007; they have created one of the most important, fastest-growing and successful brands in UK cycling. We look forward to a continuation of the growth that both Boardman and Halfords have enjoyed with such a strong brand.\" \n \n \nEnquiries\n \n\n\n\n\nInvestors & Analysts (Halfords)\n\n\n+44 (0) 1527 513 113\n\n\n\n\nCraig Marks, Head of Investor Relations & Corporate Communications\n\n\n\n\n\n\n\nMedia (Maitland)\n\n\n+44 (0) 207 379 5151\n\n\n\n\nAndy Donald\n\n\n\n\n\n\n\nNeil Bennett\n\n\n\n\n\n\n\n \nForthcoming Newsflow\n \nHalfords Group plc will publish its first-quarter interim management statemen...