All M&A articles – Page 11
-
ArticleSSU invests in bike subscription service Buzzbike
Signa Sports United (SSU) has invested in U.K.-based bike subscription service Buzzbike as part of its expansion strategy. The deal will enable the London-based startup to expand into European and U.S. cities. Buzzbike offers a flexible monthly membership package that includes a premium city bike, lock, on-demand maintenance, theft protection, ...
-
News briefsSRAM gives apparel a try, acquires Velocio
Chicago-based bicycle component manufacturer SRAM has made its first foray into clothing with the acquisition of 9-year-old cycling apparel brand Velocio from New Hampshire. The two companies have worked closely together in the past, and Velocio was looking for a strategic buyer that could offer more independent product design and ...
-
News briefsL Catterton acquires Taxa Outdoors
Taxa Outdoors, a Texas-based manufacturer of lightweight, mobile habitats for outdoor adventure, today announced that it has been acquired by the Growth Fund of L Catterton, reportedly the largest global consumer-focused private equity firm. L Catterton is a former investor in Sweaty Betty or Peloton and currently owns 8.4 percent ...
-
News briefsDometic acquires two U.S. mobile power solutions brands
Swedish company Dometic has entered into an agreement to acquire Treeline Capital LLC. Treeline is a leading provider of value-added technical service and aftermarket products and mobile power solutions for the North American marine market under the CDI Electronics and Balmar brands. Through these brands, Treeline serves the rapidly growing ...
-
ArticleOdlo acquires Janus, moves wool production to Norway
Odlo International AG, the Swiss company with Norwegian roots, has reached an agreement to acquire 100 percent of the shares in Janus Holding AS. Janus, founded in 1895, is Norway’s largest and oldest manufacturer of wool underwear and the only remaining company producing wool products on a large scale in ...
-
ArticlePorsche gathers even more e-bike power
After unveiling its first e-bike under the Cyklær brand with partner Storck Bicycle in 2021 and acquiring a majority stake in e-bike manufacturer Greyp Bikes the same year, Porsche continues to invest in its non-automotive future, particularly in the fast-growing e-bike market. The Stuttgart-based sports car manufacturer has now announced ...
-
News briefsShimano acquires minority stake in Get Bike Service
The Dutch start-up Get Bike Service (GBS) has received a cash injection from Shimano. The amount was not disclosed, only that the Japanese company now holds a minority stake in GBS. GBS says it is “the largest independent service provider in Europe and focuses on the maintenance and repair of ...
-
ArticleCalida completes sale of Millet Mountain Group
As previously reported, the Calida Group in late December received a binding offer from Jean-Pierre Millet, together with Inspiring Sport Capital, to sell the Millet Mountain Group, which includes the Millet and Lafuma Outdoor brands. Calida now reports that it has received the final approval of the French work council ...
-
News briefsWilier Triestina acquires F.a.c. di Michelin
Italian bicycle supplier Wilier Triestina Spa has acquired F.a.c. di Michelin Spa, also from Italy and manufacturer of Miche bicycle wheels and parts. The merger creates a group led by Wilier Triestina with total sales of about €80 million. No details were provided regarding the price of the transaction. According ...
-
ArticleNick Brown passes on ownership of Nikwax and Páramo to employees
After 45 years as owner and founder, Nick Brown has handed over control over Nikwax and Páramo on Feb. 1 to his employees on three continents at the age of 67 by selling the company to a newly formed Employee Ownership Trust. Nikwax Waterproofing Wax for Leather, 1977 ...
-
News briefsMessingschlager acquires long-standing U.S. partner Cycle Force Group
Effective Dec. 31, 2021, Europe’s leading bicycle accessories importer, Messingschlager GmbH & Co. KG, has acquired its long-standing U.S. partner Cycle Force Group, LLC. No information was given about the transaction price. Cycle Force Group and its distribution subsidiary North America Cycles have worked with the German importer for over ...
-
ArticleIsbjörn of Sweden to change ownership
Online Brands Nordic AB intends to acquire Nordic KidsWear AB, manufacturer and marketer of the children’s outdoor clothing brand Isbjörn of Sweden. According to a corresponding announcement, the purchase price for the shares in Nordic KidsWear would be paid through a cash purchase price of approximately SEK 17.9 million (about ...
-
News briefsGathr Outdoors acquires Cascadia Vehicle Tents
Gathr Outdoors, formerly known as MacNeill Pride Group, continues its commitment to the broader outdoor market with another acquisition. The company announced Jan. 24 that it has purchased Oregon-based Cascadia Vehicle Tents (CVT), a family-owned company that has made a name for itself designing vehicle rooftop tents, awnings, off-road trailers ...
-
News briefs
Gear Aid buys Heroclip carabiner line from Lulabop
Gear Aid Inc., a Washington-based manufacturer and distributor of outdoor gear care and repair products, acquired the Heroclip® swivel carabiner product line from Lulabop Inc., also from Washington. The new product is meant to strengthen the fast-growing line of Gear Aid Adventure Tools™. Gear Aid’s affiliate company McNett Europe ...
-
ArticleU.S. investor to buy Accell Group
The bicycle industry continues to boom and is therefore increasingly targeted by investors. Dutch Accell Group N.V. and a consortium led by U.S. financial investor KKR (Kohlberg Kravis Roberts), which includes Accell’s major shareholder Teslin, announced today that a conditional agreement has been reached for a recommended public offer by ...
-
News briefsSRAM Group expands portfolio with acquisition of Hammerhead
The U.S. bicycle component manufacturer SRAM Group has purchased another brand, the bicycle computer manufacturer Hammerhead, which will remain an independent brand in the group’s portfolio. The transaction was already completed on Dec. 30, 2021, but has only now been officially announced. No details were given about the sales price. ...
-
ArticleKent Outdoors acquires Kona Bicycles
Since its beginnings just over 34 years ago, Vancouver, B.C.-based bicycle manufacturer Kona Bicycles says it has “evolved from a small business in the Pacific Northwest to a far-reaching global brand.” On Jan. 19, the Canadian company announced that it has joined U.S.-based Kent Outdoors (formerly Kent Watersports) “to compete ...
-
News briefsPolygiene acquires manufacturer of antimicrobial additives
Polygiene AB, through the indirectly wholly-owned subsidiary Addmaster (UK) Limited , has entered into an agreement to acquire the business related to SteriTouch from the privately-owned company Radical Materials Limited. The purchase price amounts to a total of approximately €4.2 million, where approximately €3.8 million is paid in cash and ...
-
ArticleSchwan-Stabilo acquires stake in footwear start-up Doghammer
The German Schwan-Stabilo group has taken a minority stake in Doghammer, a young outdoor footwear brand. The agreement was signed shortly before the end of 2021. Further details of the transaction were not disclosed. Doghammer was established in 2015 by Matthias Drexlmaier and Maximilian Hundhammer in Rosenheim in Bavaria. Since ...
-
ArticleU.S. retail and experience brand Evo acquires snowsports retail and rental chain Rhythm Japan
Rhythm Japan, a Japanese snowsports retail group established in Niseko in 2005 by two Australian snowsports professionals, has been 100 percent acquired by Seattle-based outdoor retail and experience brand Evo. Evo operates 9 stores in the U.S. and Canada, two All Together skateparks, as well as lodging and travel businesses, ...
