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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