All M&A articles – Page 17
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News briefsWayne Edy buys back Inov-8 from Descente
Wayne Edy is back at the helm of Inov-8, the British footwear, apparel and equipment brand he founded in 2003. As the company prepares to launch a new graphene-based running shoe, Edy reportedly already bought back the 80 percent stake in the company last year that he sold to Descente ...
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ArticleSRAM buys Time Sport’s pedal business from Rossignol Group
After having already announced that it had sold the carbon frame and fork production, including the RTM Composite factory of its subsidiary Time Sport International to the French-American investment and management group Cardinal Cycling Group, the French Groupe Rossignol is now also parting with the Time pedal division. The buyer ...
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News briefsKuehne + Nagel buys Chinese freight company
The Swiss logistics group Kuehne + Nagel has entered into a binding agreement to acquire the Chinese freight forwarder Apex International Corporation. According to the German Handelsblatt, experts value the transaction between US$1.5 billion (about €1.2 billion) and US$2 billion (€1.6 billion). This is the largest acquisition in the history ...
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News briefs
Rather Outdoors buys Zebco Brands
Rather Outdoors has announced that it has acquired Zebco Brands, a manufacturer of fishing rods, reels and accessories, based in Tulsa, Oklahoma. Through this acquisition, Rather expects to take full advantage of the growing interest in fishing, particularly in the segments of youth anglers and new anglers, where Zebco is ...
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ArticleBike helmet brand Catlike acquired by Polisport
Portugal’s Polisport Group, a global leader in children’s bicycle seats, specializing in the bicycle and off-road motorcycle accessories product world with a total of seven companies and nine brands, has acquired Spanish bicycle helmet and accessories brand Catlike. With Catlike, Polisport aims to strengthen its portfolio with another brand in ...
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News briefs
Tretorn’s parent company acquires Swedish outdoor retailer
Tretorn brand owner Thevea Brand Group has acquired Swedish outdoor retailer Friluftsvaror. For more than 50 years, Friluftsvaror has developed, produced and sold tents, backpacks, sleeping bags and other outdoor equipment. Through its online store, the retailer, which also operates a physical store in Malmö, sells its own Fjällmark brand ...
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ArticleApex Global Brands to be sold to Galaxy Universal
Caifornia-based Apex Global Brands Inc., a global brand management and licensing organization previously called Cherokee Global Brands and the parent company of the Hi-Tec, Magnum and Tony Hawk brands, amongst others, confirmed that it has entered into a merger agreement with Galaxy Universal LLC, a Colorado-based project management and investment ...
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ArticleGroup of investors takes over insolvent Sachsenring Bike Manufaktur
On Feb. 12, the responsible insolvency administrator, Dr. Philipp Hackländer of law firm White & Case Partner, sold Sachsenring Bike Manufaktur GmbH to an unnamed group of investors. The new company founded by the group, Zweirad Union E-Mobility GmbH & Produktion Co. KG, based in Sangerhausen, has taken over 75 ...
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News briefs
Rossignol finds new buyer for part of Time's assets
Rossignol has sold many of the bike frame manufacturing assets of Time Sport International to Cardinal Cycling Group of Little Rock, Arkansas. Rossignol had originally planned to make the sale to WhaTTfornow, but the French e-bike start-up pulled out of the deal for lack of funds. Cardinal has entrusted the ...
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News briefs
Kong ties up with Alp Design
Kong, the Italian company specializing in safety and rescue equipment, has announced a strategic partnership with Alp Design, also headquartered in Italy. Alp Design is a manufacturing company in the field of caving and canine rescue. Founded and managed by Stefano Masserini, it has been a pioneer in creating products ...
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News briefs
Open Air Group acquires WeHunt
Swedish Open Air Group (OAG) is continuing on its growth path. After investing in the Garphyttan brand in December and acquiring 100 percent of the shares in Ultracom in early January, the Stockholm-based group has now acquired 100 percent of the shares in WeHunt. WeHunt is the largest digital platform ...
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ArticleRocky Brands invests $230m to buy footwear brands from Honeywell
Rocky Brands has agreed to acquire the performance and lifestyle footwear business of the U.S. conglomerate Honeywell International for $230 million. The deal is expected to close in the first quarter of 2021. The assets acquired are The Original Muck Boot Company, Xtratuf, Servus, Neos and Ranger. Thanks to the ...
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ArticleBüchel integrates Kuhnert and Exal into group portfolio
In streamlining the organization, Kuhnert Drahtwaren and Exal Europe have been integrated into the Büchel Group. “Since Jan. 1 of this year, Büchel GmbH & Co. Fahrzeugteilefabrik KG has taken over the joint business operations of the two companies,” reads a statement from the German bicycle parts manufacturer’s corporate headquarters ...
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News briefs
Italian postal service acquires Chinese e-commerce solution provider
The Italian postal and financial services group Poste Italiane and Cloud Seven Holding have signed a binding deal to reinforce their partnership in e-commerce services between Italy and China. Under the deal, Poste Italiane will buy 51 percent of the voting capital of Sengi Express, a wholly-owned unit of Cloud ...
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News briefs
Brand Machine Group goes global with newly acquired U.S. outdoor brand Penfield
SGB Media reports that U.K.-based Brand Machine Group (BMG) has acquired U.S. outdoor brand Penfield, founded in 1975 and based in Massachusetts. BMG, a global licensing specialist, said it would begin Penfield’s global wholesale rollout this January for its fall/winter 2021 men’s and women’s collections; both will feature the brand’s ...
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ArticlePon sells stake in Accell
According to reports in various Dutch media, Pon Holdings B.V. sold its 20-percent corporate stake in competitor Accell Group N.V. at the end of last year. At the time of writing, no official comment was available from either Pon or Accell. In 2017, Pon Holdings, which is well-positioned in the ...
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News briefsPolygiene’s acquisition of Addmaster approved
The shareholders of Polygiene, the Swedish supplier of anti-viral solutions, have accepted a proposal to issue new shares to help finance the acquisition of Addmaster Holdings, its very profitable U.K.-based supplier of anti-microbial additives for hard surfaces, for SEK 374 million (€36.7m-$44.7m) in cash and shares. Polygiene, whose sales of ...
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News briefs
OAG acquires Ultracom to create Nordic platform for digital hunting experiences
Open Air Group (OAG), a Stockholm-based group that just acquired a minority stake in Swedish outdoor brand Garphyttan and operates e-retailers Widforss.se, Widforss.no, Retkitukku.fi and Koiravaruste.fi, in addition to several hunting-related brands, has acquired 100 percent of the shares of Ultracom, a Finnish developer and provider of dog tracking equipment ...
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News briefsGarmin acquires GEOS Worldwide
Source: © Garmin Deutschland GmbH Garmin inReach Mini Garmin has acquired GEOS Worldwide, a company based in Montgomery, Texas, that provides emergency monitoring and incident response services, including search and rescue services for skiers, outdoor adventurers and boaters. The terms of the asset deal were not disclosed. ...
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ArticleEmerald acquires software company PlumRiver
The trade show industry is seeking new ways to generate revenues and engage its clients because of the damage made to its physical events. Just as the Outdoor Retailer Winter Market is starting its new OR Winter Online edition (Jan. 6 - March 19, with Summit Days on Jan. 20-23), ...
