All M&A articles – Page 12
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ArticleAmer Sports divests Suunto
Amer Sports revealed it has reached an agreement with Chinese technology company Liesheng to sell its Finnish brand Suunto, a manufacturer of sports watches, dive computers and precision instruments. Amer said the sale was in line with its strategy to focus on developing internationally recognized sporting goods brands in the ...
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News briefsEmployees take over U.S. cycling apparel brand Kitsbow
Kitsbow, a U.S. manufacturer of bicycle apparel and accessories, was purchased by its employees with the support of a group of North Carolina-based investors on Jan. 3 after ten years of private ownership. Effective immediately, employees will own a majority of the stock of Kitsbow Apparel, PBC, which is organized ...
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ArticleSport 2000 parent ANWR Group exits as shareholder of Bico
At the end of 2021, German bicycle purchasing group Bico Zweirad Marketing GmbH took over the 25.1 percent stake held by ANWR Group e.G. by mutual agreement. As a result, the ANWR Group – a community of independent retailers that is, among other things, the 100-percent parent company of the ...
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ArticleVista Outdoor ends 2021 with yet another acquisition
Minnesota-based Vista Outdoor has made its sixth acquisition in the current year with the takeover of Stone Glacier, a Bozeman, Montana-based brand founded in 2012 by Kurt Racicot that focuses on ultra-lightweight, high-performance hunting gear for backcountry use. The addition of Stone Glacier to Vista Outdoor’s portfolio of outdoor products ...
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ArticleGrandson of Millet founder to buy Millet Mountain Group from Calida
In an announcement on Dec. 24, Calida Group said it has received a binding offer from Jean-Pierre Millet, together with Inspiring Sport Capital, to sell Millet Mountain Group, which includes the Millet and Lafuma Outdoor brands. Jean-Pierre Millet is an investor and grandson of the founder of the Millet brand. ...
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News briefsMagura’s parent acquires Leomável Moldes
Effective Jan. 1, 2022, the German holding company Magenwirth Technologies Group is taking over 100 percent of Portugal’s Leomável Moldes, Lda. With the acquisition of the long-standing partner, the parent company of two-wheel brake specialist Magura is expanding its plastics technology capacities. The company did not disclose any details of ...
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ArticleOpen Air Group acquires Aclima
Sweden’s Open Air Group (OAG) has announced the acquisition of Norway’s Aclima, a manufacturer of merino wool clothing “made in Europe.” Aclima is a third-generation family business specializing in merino wool workwear and outdoor clothing. The acquisition of Aclima is the first in the outdoor segment for OAG and also ...
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News briefsOberalp Group acquires manufacturer of raw material for ski touring skins
The Oberalp Group has announced the acquisition of Velotex GmbH & Co. KG from Pongs Velours GmbH & Co. KG. Velotex specializes in the production of mohair velvet as an essential product for ski touring skins. The acquisition is scheduled for Jan. 1, 2022. With the acquisition, Oberalp secures an ...
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News briefsDT Swiss takes over brake specialist Trickstuff
Effective Jan. 1, 2022, Swiss bicycle components manufacturer DT Swiss AG will fully acquire German bicycle brake specialist Trickstuff GmbH. No details were provided on the sale price. Trickstuff has made a name for itself primarily with high-end performance products - particularly disc brakes. The driving force is owner and ...
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News briefsSigna Sports United goes public
Signa Sports United (SSU) completed its previously announced merger with Yucaipa Acquisition Corporation on Dec. 14, following approval by Yucaipa shareholders at a special meeting on Dec. 13. The combined company will operate under the name Signa Sports United and its common stock will begin trading on the New York ...
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News briefsASG Group sells U.S. bike brand Ellsworth to RP Designs
In May 2018, the brand’s previous South African importer, ASG Group, had acquired California-based Ellsworth Cycling from BST Nano Carbon and incorporated it into its ASG North America subsidiary. Company founder Tony Ellsworth had then left “his baby” mid/end of 2018. However, ASG was apparently not entirely satisfied with the ...
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News briefsClarus invests further in the Overlanding segment
Following its purchase of Rhino-Rack, Clarus Corp, the Utah-based parent company of Black Diamond and Pieps, has now bought Maxtrax, the group’s second brand in the “off-road vehicle accessories” sector. The segment has now been integrated into the group under the title “Overlanding.” Like Rhino-Rack, Maxtrax is an Australian company. ...
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ArticleItalian fashion label Herno acquires outdoor brand Montura
The outdoor market is becoming increasingly attractive for many companies from other segments. After Helen of Troy recently attracted attention with the acquisition of Osprey Packs, Italian luxury outerwear company Herno has now announced to buy Montura, a well-known Italian outdoor brand. For Herno, this would be the entry into ...
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ArticleHelen of Troy to bolster presence in outdoor segment with acquisition of Osprey
Helen of Troy, the El Paso, Texas-based, publicly traded company that owns a variety of brands in the Beauty, Health&Home and Housewares segments, including Hydro Flask and Oxo, has announced that one of its subsidiaries has entered into a definitive agreement to acquire Osprey Packs, the backpack manufacturer founded in ...
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News briefsSwedish Rudholm Group acquires German sustainable packaging specialist EBM
The Rudholm Group (RH), a Swedish-based supplier of garment accessories, packaging and logistical services for apparel producers, has taken over Euro Brand Management (EBM), a Munich-based company specializing in sustainable packaging and supply chain management solutions in all the segments of the footwear market. Founded in 1951 by the eponymous ...
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ArticlePierer buys Felt from Rossignol, enters non-e-bike market and North America
The Rossignol Group has agreed to sell its American brand Felt Bicycles to the Pierer Mobility Group, a European leader in “powered two-wheelers,” including motorcycles and e-bikes, based in Austria. Rossignol explained the move with a desire to focus its bike operations on mountain bikes sold under the Rossignol brand, ...
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ArticlePorsche continues to invest in e-bikes
After presenting its first e-bike under the Cyklær brand name with partner Storck Bicycle, the Gravel Racer, at Eurobike this year, Porsche is now acquiring a majority stake in e-bike manufacturer Greyp Bikes. The German sports car manufacturer’s venture capital unit, Porsche Ventures, has already held around ten percent in ...
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News briefsDometic aquires mobile power specialist NDS Energy
Swedish company Dometic continues to make acquisitions and has agreed to buy Italy’s NDS Energy, a provider of outdoor mobile power solutions. NDS Energy’s products are sold across several countries in Europe, including to more than 200 dealers in Italy. Net sales of NDS for the last 12 months amounted ...
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News briefsFenix Outdoor sells Brunton
Fenix Outdoor announced that it has sold its Brunton business to David and Lauren Heerschap, two longtime employees of Brunton Outdoor Inc. in the U.S. Brunton is a manufacturer of equipment for navigation for various professional users and persons active in outdoor life, mainly in North America. The company commented ...
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ArticleYamaha and Hero Motors form joint venture for e-bike drive systems
Japanese Yamaha Motor Company has signed an agreement with Indian two-wheeler manufacturer Hero Motors for a new joint venture to manufacture e-bike drive systems in India. The company is expected to be established by the end of November, with Yamaha holding a 10 percent stake and Hero, the parent company ...
