Boardman Bikes has been acquired by Halfords Group Plc
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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