All M&A articles – Page 4
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ArticleWeSports acquires Finnish bicycle wholesale company
WeSports, a Stockholm-based group of individual sports, outdoor and mobility companies operating both online and with physical stores and product brands, has announced the acquisition of Finnish bicycle wholesaler Huntteri. The strategic partnership will significantly strengthen WeSports’ presence in Finland and provide for a rapid rollout of Huntteri in Scandinavia. ...
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News briefsGiant Group and Stages Cycling cancel minority share takeover negotiations
At the beginning of the year, we reported on two ticker announcements from the Taiwan Stock Exchange (TWSE). Both concerned the listed bicycle producer Giant Manufacturing Company Ltd. (or Giant Group, including brands Cadex, Giant, Liv and Momentum). The first: That Giant Group had acquired a minority stake in US-based ...
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ArticlePrimus acquisition completed, new company Primus-Silva AB in operation
Silva Sweden AB has acquired 100 percent of the shares in Primus AB from Fenix Outdoor AB. The transaction closed on April 28, 2023, after the acquisition became official on Dec. 7, 2022. Since then, Primus, Silva and Fenix have worked to complete all operational transitions, including business systems, internet, ...
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News briefsLenzing accelerates energy transition by purchasing biomass power plant
Austrian fiber producer Lenzing signed a contract to acquire the 43 MW biomass power plant of Energie 42 Beteiligungs GmbH in the Heiligenkreuz business park. The transaction is subject to regulatory approvals in particular and is expected to be completed in the second quarter of 2023. The strategic investment will ...
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ArticleSales procedure initiated for insolvent Bikesale Solutions
The insolvent refurbishment and new bicycle marketplace www.bikesale.de is up for sale. Bikesales Solutions GmbH – the company behind “the first professional online bicycle marketplace for used bicycles in Germany” – was forced to file for insolvency with the competent district court in Munich on March 29. The appointed insolvency ...
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News briefsFreeride Filmfestival back in original hands
With the beginning of 2023, Volker Hölzl and Harry Putz have taken over 100 percent of the parent company of the Freeride Filmfestival and the Freeride Experience. The company has moved its location from Tyrol to Vienna and now operates under the new name OFF ON Events GmbH. ...
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ArticleStefan Pierer now also heading Leoni AG
Shareholder Stefan Pierer wants to take over Leoni AG, the struggling supplier of wire, cable and wiring systems, and delist it. There are many signs that Leoni will then be incorporated into Pierer Industrie AG based in Welz, Austria.
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News briefsFishing tackle supplier Gansel Australia and distributor Viva Australia merge
Gansel Australia, a fishing tackle supplier with 50 years of trading history, and Viva Australia, a distributor of fishingbrands, have announced their merger. Viva Australia has more than two decades of experience servicing tackle shops in Australia and today distributes fishing brands like Megabass, Lox, Hayabusa, Shout, Asakura, Pioneer, Jigging ...
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ArticleAleck acquires crash helmet sensor manufacturer Tocsen
Aleck, a manufacturer of wireless audio and communication systems for outdoor sports, has acquired Tocsen, a German brand of smart crash sensors for bicycle, snow and riding helmets. Tocsen was established in 2019 by Alexander Schumacher, Andreas Botsch and Malte Buttjer after a close friend of theirs ...
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News briefsRocky Mountain buys its German distributor
The Canadian bike manufacturer Rocky Mountain has acquired the German distribution company BikeAction GmbH, based in Rodgau, with which it has been in partnership for over 30 years. By combining the two companies, Rocky Mountain wants to be able to “better serve, understand and support the market in Europe going ...
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News briefsBuyer found for insolvent Prophete Group as a whole
Singapore-based Dutech Holdings Limited is to take over the insolvent German bicycle group, Prophete Group. The buyer is a leading global systems manufacturer in the field of security technology and ticket vending machines (TVM). The group is owned by U.S. entrepreneur Dr. Johnny Liu and employs more than 2,600 people ...
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News briefsJohnson Outdoors to sell Eureka! Military and Commercial Tents
Johnson Outdoors Inc. announced that it has entered into a definitive agreement to sell the Eureka! Military and Commercial Tents product lines of its Camping business segment to Rekord Group, a global company that specializes in commercial, event and military tents and structures. The transaction is expected to close by ...
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News briefsFox Factory to acquire Custom Wheel House
Fox Factory Holding Corp. announced that its subsidiary Fox Factory, Inc. has signed a definitive agreement to acquire California-based Custom Wheel House, LLC from Thompson Street Capital Partners and other sellers. The company designs, markets and distributes high-performance wheels, high-performance off-road tires and accessories for motorized vehicles. The purchase price ...
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News briefsManagement buyout at McTrek
According to German media, the outdoor retailer McTrek Retail GmbH was taken over by CM.Solutions GmbH and its managing director Christian Müller as part of a management buyout. In the past two years, McTrek has found its way back to an economically stable situation after insolvency, the company said. In ...
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News briefsHuntsman closes sale of Textile Effects division
Huntsman Corporation announced Feb. 15 that it has received all necessary regulatory approvals to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners, previously announced last August. Both parties expect the transaction to close on Feb. 28, 2023. “Our teams have been ...
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News briefsMicro-mobility expert Kõu Mobility Group acquires majority stake in Ampler Bikes
On Feb. 14, Kõu Mobility Group and Ampler Bikes announced they are joining forces to strengthen their position in the micro-mobility sector. Both Estonia-based companies signed an investment and share exchange agreement that makes Kõu the new 51 percent majority shareholder of Ampler. Ardo Kaurit will remain CEO of the ...
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ArticleGiant Group acquires minority stake in Stages Cycling
According to two filings published on the Taiwan Stock Exchange (TWSE), the country’s largest bicycle manufacturer, Giant Manufacturing Company Ltd (a.k.a. Giant Group – Cadex, Giant, Liv, Momentum brands), has acquired a minority stake in U.S.-based indoor cycling and professional cycling training expert, Stages Cycling LLC. Following the approval at ...
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News briefsStrava acquires the FATMAP outdoor adventure platform
Strava, the subscription platform for connected fitness, has announced the acquisition of FATMAP, a mobile app for discovering, planning and sharing outdoor adventures. Following the acquisition, FATMAP’s global proprietary 3D mapping technology will be enabled in all of Strava’s services, and Strava subscribers will have access to the full FATMAP ...
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News briefsPolygiene Group acquires former distributor Biomaster US
As part of its U.S. expansion strategy, the Swedish Polygiene Group has acquired Biomaster US LLC, former distributor and customer of its subsidiary Addmaster Ltd. This acquisition gives the company a foothold in the U.S. and Central and South America, while BioMaster US CEO Charlie Matthews becomes part of the ...
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ArticleEmerald acquires U.S. organizer of Overland Expo Series
Trade show organizer Emerald Holding, Inc, responsible for the U.S. trade show Outdoor Retailer, among others, has acquired all assets of Lodestone Events, a U.S. event production company that owns and operates the Outside Adventure Expo and Overland Expo event series. According to an official statement, the acquisition supports “Emerald ...
