All M&A articles – Page 13
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News briefs
Klarna acquires comparison shopping service PriceRunner
Klarna, the retail banking, payments and shopping service from Sweden, announced the acquisition of all shares in PriceRunner, a leading comparison shopping service in the Nordic region, from Creades, which invested SEK 370 million (€37.4m-$43.4m) in the price comparison site earlier this year, for just over SEK 9 billion (€910m-$1bn). ...
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News briefsWeSports continues shopping spree
Following its recent acquisition of Finnish water sports equipment supplier Finwake in September, WeSports, a Stockholm-based group of individual sports, outdoor and mobility companies operating both online and with physical stores and product brands, has completed another acquisition, this time of retailer Pölder Sport AB. Founded in 1990, Pölder Sport ...
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News briefsAcquisition of Igloo completed
On Sept. 17, Swedish company Dometic announced that it has entered into an agreement to acquire Igloo, the Texas-based manufacturer of passive coolers and drinkware for the outdoor market, from private equity group ACON Investments. The closing of the transaction was subject to certain regulatory approvals, which have now been ...
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News briefsOvareVentures expands portfolio of outdoor brands
OvareVentures, a “committed growth initiative” of privately held Los Angeles-based holding company OvareGroup, has acquired Toronto-based Gull Lake Boat Works, a canoe and kayak manufacturer and restorer founded in 2008 by owner-operator Marc Russell. In August, OvareGroup named retail veteran Kara Anastasiadis president of the newly formed OvareGroup Outdoor Division. ...
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News briefsBelgian investor acquires Santos Bikes shares from Think2Act
Belgian investment holding company Korys Investments acquired shares in Dutch bicycle manufacturer Santos Bikes on Oct. 19. No details were given about the number of shares or the sale price; all that is known is that Korys bought all shares that had been in the hands of previous Santos investor ...
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News briefsPelican Products changes hands
Pelican Products, a U.S. manufacturer of protective cases, has been sold by New York-based Behrman Capital to another private equity firm, Los Angeles-based Platinum Equity, on undisclosed terms. The transaction is expected to close by the end of Q4, 2021. In addition to outdoor equipment cases, Pelican also makes gun ...
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ArticlePon Holdings acquires Dorel Sports
The Dutch Pon Group and Canadian conglomerate Dorel Industries Inc. officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a leading ...
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News briefs
Chinese outdoor equipment producer Toread enters micro LED market
Pathfinder, a Chinese outdoor products manufacturer better known as Toread, announced that it will join Jiaxing Yuanyang Equity Investment and Xiamen Xiyi Equity Investment in acquiring an 80 percent stake in Beijing Xinneng Electronic Technology, a company founded in 2019 and specializing in the research and development of integrated circuits ...
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News briefsUSWE finalizes acquisition of VOID Cycling
USWE, the Swedish specialist for backpacks for two-wheeling, running and winter sports enthusiasts, has completed the acquisition of VOID Cycling that was previously announced in July. The company will be fully integrated into USWE Sports AB. Since signing the purchase agreement in July, USWE and the former owner, Tenson BV, ...
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News briefsFazua acquires Innotorq
German e-bike drivetrain manufacturer Fazua has acquired Innotorq, an inventor of a unique and patented integrated torque sensor technology for hub motors. No details of the sale price were disclosed. Fazua is taking over all business operations and will seamlessly transfer Innotorq technology and components to customers. The acquisition is ...
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News briefsEgo Movement signs strategic partnership with TVS Motor Company
As part of an agreed strategic partnership, Indian two- and three-wheeler manufacturer TVS Motor Company has acquired a (unspecified) majority stake in e-bike provider Ego Movement. The partnership was signed on Sept. 16. Ego Movement is an (e-)brand of Zurich-based Swiss Go AG. For TVS, the deal is the second ...
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News briefs
New investor for Finnish FootBalance
FootBalance, a Finnish manufacturer of custom insoles, has entered into a partnership with a new investor, London-based IPGL Limited. IPGL has acquired Scope Growth II L.P.’s shares in the company. “FootBalance has during our ownership evolved from a local provider of insoles to become a global category leader in foot ...
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News briefsDometic acquires U.S. cooler manufacturer Igloo
Swedish company Dometic has reached an agreement to acquire Igloo, the U.S.-based manufacturer of passive coolers and drinking vessels. The acquisition is an important step in Dometic’s strategy to grow further in the outdoor industry and creates a strong base for further global growth, the company said. It will also ...
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ArticleTravis Campbell acquires Eagle Creek from VF, European organization stays on board
Effective Sept. 3, the newly formed Eagle Creek Holdings LLC owns Eagle Creek after acquiring the brand from VF Corp. The new entity based in Steamboat Springs, Colorado, is owned by Travis Campbell, an outdoor industry veteran and former president of emerging brands at VF, who left the group end ...
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News briefs
PayPal acquires Japanese buy-now-pay-later venture
U.S.-based payment platform PayPal Holdings has announced the acquisition of Paidy, a digital payment platform based in Japan. Paidy develops a two-sided payment platform and is also a provider of buy-now-pay-later solutions in Japan, a strategically important market for PayPal. According to the American company, almost three-quarters of all purchases ...
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News briefs
Solo Stoves re-named Solo Brands after acquisitions
U.S.-based camping stove manufacturer Solo Stove is now Solo Brands after announcing on Sept. 3 the acquisition of apparel company Chubbies Shorts, folding kayak manufacturer Oru Kayak (ISPO Brand New overall winner 2014) and ISLE, a maker of paddleboards for yoga, fishing, touring, surfing and more. The company plans to ...
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News briefs
Wesports makes further purchases and recruits e-com pioneer Johan Ryding to the board
WeSports’ previously reported shopping spree does not appear to be over, as the Swedish group has now reported its entry into the water sports and water leisure products market with the acquisition of Finwake, a leading water sports equipment specialist from Finland. Finwake has a strong position in Finland with ...
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News briefsSwedish WeSports group in a buying mood, acquires six brands
The Swedish WeSports Group AB has taken over a number of brands and companies in the recent weeks and months. After the acquisitions of Rawbike and the Nordic Outdoor & Sports Group, which were completed in April this year, the Stockholm-based enterprise has taken over six more companies during the ...
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News briefsFrilufts Retail Europe acquires U.K. retailer Trekitt
Frilufts Retail Europe AB, a subsidiary of Fenix Outdoor International AG, is expanding its European retail network and has acquired all outstanding shares of the British outdoor retailer Trekitt. To date, Frilufts already includes four retail chains operating in the outdoor sector, which generated total sales of €264 million last ...
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News briefs
Wholesaler Absolut Bikes to expand with new owner
On Aug. 24, Dutch investment company Fields Group officially announced that it will acquire German bicycle wholesaler Absolut Bikes GmbH. While there were no details given on the sale price, it was announced that Absolut Bikes’ founder and managing director, Kai Stemann, will remain on board for an agreed transition ...
