The shareholders of Boardman Bikes Ltd. and Boardman International, Ltd. (Boardman Bikes) have sold the company to Halfords Group Plc. Financial terms have not been disclosed.
Boardman Bikes is a British bicycle manufacturer, founded by the professional cyclist Chris Boardman, Sarah Mooney and Alan Ingarfield, and launched in the United Kingdom and Ireland in 2007. The company 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.
Founded in 1892, Halfords Group Plc is a listed UK-based company engaged in the retail of automotive, leisure, and cycling products. The Halfords Group has two business units: Halfords Retail (the original chain of shops) and Halfords Autocenters.
Oaklins Cavendish, based in the UK, advised the seller in this transaction.
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