Equip Outdoor Technologies has completed its acquisition of Lowe Alpine from Asolo for a reported amount of £20 million (€23.3m-$32.0m). To help finance the acquisition, an investment company, Matrix Private Equity, has taken a minority stake in Equip as well as a seat on its board of directors, chaired by Matt Gowar. Another board member, David Udberg, remains managing director of Lowe Alpine. With a total staff of 90 people in Europe and North America, Equip is reportedly forecasting total revenues of £30 million (€34.9m-$48.0m) for 2012.
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