WiggleCRC has announced the acquisition of Bike24, a German online cycling retailer. According to The Sunday Times, who first reported the news, the deal is worth around £100 million (€112.6m-$131.7m). Bike24 will continue to trade as a separate business within the group. Bike24 posted revenues of €84.5 million in 2016. Its main markets are Germany, Austria and Switzerland. WiggleCRC, which resulted from the merger of Wiggle and Chain Reaction Cycles in 2016, already derives most of its revenues from outside the U.K., and the acquisition of Bike24 is expected to further expand its international turnover.

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