All M&A articles – Page 14
-
News briefsGerman RV P2P portal Paulcamper sold to Australia for €31 million
Berlin-based startup Paulcamper has sold its entire stake. The new owner is the listed company Camplify from Australia, which was founded in 2015. Camplify is one of Australia’s leading peer-to-peer (P2P) platforms that connects owners of campervans or RVs with renters, which is the same business model that Paulcamper operates. ...
-
News briefsBollé is selling Cébé to a new partnership
Bollé Brands Group is selling Cébé to a coalition of companies: D.MO and Racer. D.MO is devoted to project management and the industrialization of products in the outdoor sector. Both of its chief executives, Sébastien Delsaux and Maxime Bos, are former Cébé employees. Racer, meanwhile, is a French manufacturer of ...
-
News briefsRocky Brands sells overshoe brand
Rocky Brands has sold Neos Overshoe to the tool and equipment manufacturer SureWerx, at undisclosed terms. Along with The Original Muck Boot Company, Xtratuf, Servus and Ranger, Neos Overshoe was part of Honeywell’s footwear business, which Rocky Brands acquired in March 2021. In March of this year, SureWerx made another ...
-
ArticleEdelrid Group acquires avalanche backpack manufacturer ABS
ABS is becoming part of the Edelrid Group (a company group that also includes the Edelrid brand and Vaude Vietnam). By adding the Munich-based avalanche backpack company to its portfolio, the group is expanding its range of personal protective equipment (PPE) for winter sports. ABS had been owned by Spin ...
-
News briefsPierer Industrie AG acquires majority stake in Syntace
Austrian-based Pierer Industrie AG has acquired an unnamed majority stake in renowned German bicycle component manufacturer Syntace GmbH. No details of the purchase price were disclosed. Syntace develops and produces a wide range of high-quality lightweight products from wheels to hubs, handlebars, seat posts and pedals. The high-quality MTB niche ...
-
News briefs
Gruppo Seven acquires majority stake in Incall
Gruppo Seven, the owner of Italian backpack specialists Invicta, has acquired a 75 percent stake in Incall SpA, a stationery producer based near Ancona and the owner of the Mitama brand. The financial terms of the transaction have not been disclosed. Incall, which posted revenues of €17 million in 2021 ...
-
ArticlePon Holdings continues to invest in the automotive and bicycle mobility segments
Source: Veloretti After the parent company of Pon Bike Group (PBG), Pon Holdings B.V., on June 1 became a minority shareholder in German car dealer Adelbert Moll GmbH & Co. KG (better known as Moll Group) for an undisclosed amount, the Dutch retail and services giant has ...
-
News briefsOberalp Group acquires Romanian shoe manufacturer Droker
On Sep. 1, the South Tyrolean Oberalp Group acquired the Droker S.r.l. shoe factory based in Sebes in Transylvania, Romania, which has been producing 40 percent of Salewa’s total shoe production for years. A center of excellence had emerged in the region in recent decades, attracting various companies – especially ...
-
News briefsTrek acquires two more U.S. retail chains
Trek Bicycle Company is acquiring two chains in the U.S., American Cycle & Fitness and East Coasters Bike Shops. The deals will raise its store total to 35. These will be the company’s fourth and fifth acquisitions this year, after the 21 stores of David’s World Cycle (April), the two ...
-
ArticleArchroma acquires Textile Effects business from Huntsman
The Swiss chemical solutions company Archroma (part of the U.S.-based investment firm SK Capital Partners) has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation. Huntsman Textile Effects was in the OIC news lately for its new PFC-free water repellent. The total enterprise value of ...
-
News briefsVista closes acquisition of Fox Racing
Vista Outdoor announced the closing of its acquisition of California-based Fox Racing for the purchase price of $540 million, with the potential for an additional $50 million earnout based on Fox Racing’s financial performance (OIC reported earlier). The addition of Fox Racing allows Vista Outdoor to add another category-leading brand ...
-
ArticleBombardier acquires majority stake in German bike transmission specialist Pinion
Pinion, a Stuttgart-based manufacturer of a fully sealed manual bike transmission “Made in Germany,” which is based on sports car gearbox technology, has gained a new strategic partner in the Canadian group Bombardier Recreational Products Inc. (BRP), which has also become a majority shareholder alongside the founders and managing directors ...
-
News briefsSpecialized acquires U.K. retail chain Rutland Cycling
Specialized has taken over Rutland Cycling, an independent cycle retailer in the U.K. Founded in 1981, Rutland currently has 12 stores in operation. Big Growth Fund, the London-based investment firm that became the largest shareholder in the company in March 2014, will be completely exiting the business. Simon Homer, managing ...
-
ArticleVista Outdoor acquires Simms Fishing Products
Shortly after announcing its acquisition of Fox Racing, a California-based global provider of high-performance motocross, mountain biking and lifestyle gear, for at least $540 million, Vista Outdoor Inc. has now confirmed that it will also acquire Montana-based Simms Fishing Products. Simms is a premium fishing brand and leading designer, marketer ...
-
News briefsItalmobiliare acquires Sidi Sport
Italmobiliare has invested in Sidi Sport, the iconic Italian brand specializing in cycling and motorcycling footwear. As per the terms of the agreement, 100 percent of the capital of Sidi Sport S.r.l. will be taken over by Italmobiliare for €66 million, in addition to the net cash held by the ...
-
News briefsPeli Products Germany GmbH acquires production capacity in Germany
Peli Products Germany GmbH, a subsidiary of California-based Pelican Products, Inc., a manufacturer of protective cases, temperature-controlled packaging solutions and portable lighting systems, has acquired the injection molding and rotational molding business of HVB Kunststofftechnik GmbH, which has been Peli’s manufacturing partner in Germany for 14 years. Since the partnership ...
-
News briefsSalewa acquires the Vertic Outdoor stores in Spain
Salewa Ibérica has acquired the chain of mountain sports stores Vertic Outdoor, CMD Sport has reported. The financial details of the transaction have not been disclosed. The three brick-and-mortar stores of the chain, located in Barcelona, Sabadell and Manresa, will later operate as Salewa Mountain Shop Vertic. Vertic Outdoor also ...
-
ArticleVista Outdoor to acquire Fox Racing
Virginia-based Vista Outdoor Inc, the parent company of 39 sports and outdoor brands, announced it has entered into a definitive agreement to acquire Fox Racing, a global provider of high-performance motocross, mountain biking and lifestyle gear from Irvine, California. The purchase price is $540 million, with the possibility of earning ...
-
News briefsSpecialized to establish European innovation center in Germany
Specialized has announced the merger with Denk Engineering, an independent design office in the cycling industry from Freiburg, Germany. “This merge is an important part of a larger strategy to develop our European Innovation Hub,” Scott Maguire, CEO of Specialized, said. “We will build a new state-of-the-art innovation center facility ...
-
ArticleJack Wolfskin acquires Polish distributor, establishes central hub for Eastern European growth
Jack Wolfskin has acquired its 24-year distributor for Poland, FAM Sp.K., strengthening its newly formed company Jack Wolfskin Poland Sp. z o.o., based in Gdynia near Gdansk, to bolster the brand’s presence in the fast-growing Polish market. The subsidiary will also serve as a strategic hub for all of Eastern ...
