ITOCHU Corporation Acquires UK Bicycle Servicing Company Fettle Bike Repair Ltd.
January 17, 2024
ITOCHU Corporation has acquired all shares of Fettle Bike Repair Ltd. (headquartered in London) through Kwik-Fit (GB) Ltd., a company controlled by ITOCHU's UK subsidiary European Tyre Enterprise Limited. The acquisition is intended to combine Fettle's bicycle-servicing expertise with Kwik-Fit's UK service network to expand after-sales and e-bike/e-cargo fleet servicing capabilities across the UK.
- Buyers
- ITOCHU Corporation, Kwik-Fit (GB) Ltd, European Tyre Enterprise Limited
- Targets
- Fettle Bike Repair Ltd.
- Industry
- Transportation
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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