Deals on wheels: Halfords buys two bike businesses

Halfords has splashed out £18.4 million to acquire two firms as part of plans to ramp up its online offering in the premium bicycle market.

Halfords is expanding its presence in the high-end cycle market. Picture: Contributed

The retailer has snapped up online company Tredz, along with Wheelies, which provides replacement cycles for insurance companies. The two South Wales companies together turned over £32m last year.

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