Latest Corporate and M&A

  • Accell KKR
    Article

    U.S. investor to buy Accell Group

    2022-01-24T12:00:00Z

    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 ...

  • Selle_Royal_Group_Brands
    Article

    Selle Royal Group plans to list on the Milan Stock Exchange

    2022-01-24T08:31:00Z

    Another bicycle company appears to be preparing its initial public offering. According to various media reports in Italy, bicycle saddle and component manufacturer Selle Royal S.p.A. (also known as Selle Royal Group) has announced plans to aim for the Milan Stock Exchange. According to international news agency Reuters, the holding ...

  • Kent Kona Bote
    Article

    Kent Outdoors acquires Kona Bicycles

    2022-01-20T08:22:00Z

    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 ...

  • KIDO Headquarter 20x13 300dpi
    Article

    South Korean outerwear manufacturer Kido expands to Bangladesh

    2022-01-18T07:15:00Z

    South Korea-based technical outerwear manufacturer Kido Industrial announced a total investment of more than $36 million in new factories in Dhaka, Bangladesh. Of this amount, the company will invest $31.17 million to establish a new company, Kido Dhaka Company Co, Ltd. In addition, Kido recently acquired an existing garment factory ...

  • Bild2_BrandReset
    Article

    Jack Wolfskin with strategic repositioning aimed at global expansion, customer centricity and sustainability

    2022-01-17T09:48:00Z

    Jack Wolfskin, the German manufacturer of outdoor apparel and equipment that has been part of U.S.-based golf outfitter Callaway Golf Company since January 2019, has unveiled a new strategic brand reset with its fall/winter 2022 collection. The central elements of this are the new claim “We Live to Discover,” as ...

  • Gruppenfoto
    Article

    Schwan-Stabilo acquires stake in footwear start-up Doghammer

    2022-01-13T11:50:00Z

    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 ...

  • Pierer Mobility
    Article

    Pierer Mobility records strongest growth with e-bikes

    2022-01-12T16:06:00Z

    According to Austrian two-wheeler specialist Pierer Mobility AG, the 2021 financial year shone with new records – so much that the board raised its sales forecast even before the publication of the preliminary key data for 2021 on Feb. 1. Previously, the publicly listed company had communicated a sales forecast ...

  • gathr_logo
    Article

    MacNeill Pride Group rebrands as Gathr Outdoors

    2022-01-12T12:42:00Z

    After acquiring several outdoor brands over the past two years, U.S.-based MacNeill Pride Group (MPG) quickly began to crystallize a growing commitment to outdoor sports and related activities. In addition to the acquisitions of the Orca, GCI Outdoor, Klymit and Rightline Gear brands, the appointment of CEO Keith Bornholtz and ...

  • Bildschirmfoto 2022-01-12 um 08.55.56
    Article

    U.S. retail and experience brand Evo acquires snowsports retail and rental chain Rhythm Japan

    2022-01-12T08:55:00Z

    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, ...

  • Suunto-Logo.svg
    Article

    Amer Sports divests Suunto

    2022-01-11T09:32:00Z

    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 ...

  • Logo BIKE&CO
    Article

    Sport 2000 parent ANWR Group exits as shareholder of Bico

    2022-01-04T08:58:00Z

    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 ...

  • Vista-StoneGlacier
    Article

    Vista Outdoor ends 2021 with yet another acquisition

    2021-12-29T08:57:00Z

    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 ...

  • logo-mmg-lafuma-millet
    Article

    Grandson of Millet founder to buy Millet Mountain Group from Calida

    2021-12-24T08:28:00Z

    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. ...

  • Open Air-Aclima
    Article

    Open Air Group acquires Aclima

    2021-12-22T09:09:00Z

    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 ...

  • Accell Group logo 2021.jpg - 1
    Article

    Excellent financial year enables Accell to repay government Covid credit facility

    2021-12-13T10:45:00Z

    Based on its sales and profit growth in 2021, Netherlands-based Accell Group N.V. will fully repay its “Go-C” facility issued during the Covid-19 pandemic before the end of the year. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal to full-year availability. ...

  • Montura-Herno
    Article

    Italian fashion label Herno acquires outdoor brand Montura

    2021-12-02T10:09:00Z

    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 ...

  • Helen_of_Troy_Osprey-Logo
    Article

    Helen of Troy to bolster presence in outdoor segment with acquisition of Osprey

    2021-11-30T08:17:00Z

    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 ...

  • FELT Logo
    Article

    Pierer buys Felt from Rossignol, enters non-e-bike market and North America

    2021-11-24T07:13:00Z

    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, ...

  • Bild_1
    Article

    Porsche continues to invest in e-bikes

    2021-11-19T14:00:00Z

    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 ...

  • EREM_shoes2
    Article

    Former Timberland CEO and his son unveil new “biocircular” sustainable hiking boots

    2021-11-17T12:45:00Z

    Erem, a Nevada-based company founded in 2021 that calls itself “the first outdoor brand focused on desert performance,“ has unveiled a new hiking boot that is ”high on performance and low on environmental impact.” Source: Erem While most hiking boots today are made by thermo-fusing plastics and ...