All M&A articles – Page 9
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News briefs
DT Swiss takes over brake specialist Trickstuff
Effective Jan. 1, 2022, Swiss bicycle components manufacturer DT Swiss AG will fully acquire German bicycle brake specialist Trickstuff GmbH. No details were provided on the sale price. Trickstuff has made a name for itself primarily with high-end performance products - particularly disc brakes. The driving force is owner and ...
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Signa Sports United goes public
Signa Sports United (SSU) completed its previously announced merger with Yucaipa Acquisition Corporation on Dec. 14, following approval by Yucaipa shareholders at a special meeting on Dec. 13. The combined company will operate under the name Signa Sports United and its common stock will begin trading on the New York ...
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ASG Group sells U.S. bike brand Ellsworth to RP Designs
In May 2018, the brand’s previous South African importer, ASG Group, had acquired California-based Ellsworth Cycling from BST Nano Carbon and incorporated it into its ASG North America subsidiary. Company founder Tony Ellsworth had then left “his baby” mid/end of 2018. However, ASG was apparently not entirely satisfied with the ...
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Clarus invests further in the Overlanding segment
Following its purchase of Rhino-Rack, Clarus Corp, the Utah-based parent company of Black Diamond and Pieps, has now bought Maxtrax, the group’s second brand in the “off-road vehicle accessories” sector. The segment has now been integrated into the group under the title “Overlanding.” Like Rhino-Rack, Maxtrax is an Australian company. ...
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Article
Italian fashion label Herno acquires outdoor brand Montura
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 ...
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Article
Helen of Troy to bolster presence in outdoor segment with acquisition of Osprey
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 ...
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Swedish Rudholm Group acquires German sustainable packaging specialist EBM
The Rudholm Group (RH), a Swedish-based supplier of garment accessories, packaging and logistical services for apparel producers, has taken over Euro Brand Management (EBM), a Munich-based company specializing in sustainable packaging and supply chain management solutions in all the segments of the footwear market. Founded in 1951 by the eponymous ...
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Article
Pierer buys Felt from Rossignol, enters non-e-bike market and North America
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, ...
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Porsche continues to invest in e-bikes
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 ...
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Dometic aquires mobile power specialist NDS Energy
Swedish company Dometic continues to make acquisitions and has agreed to buy Italy’s NDS Energy, a provider of outdoor mobile power solutions. NDS Energy’s products are sold across several countries in Europe, including to more than 200 dealers in Italy. Net sales of NDS for the last 12 months amounted ...
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Fenix Outdoor sells Brunton
Fenix Outdoor announced that it has sold its Brunton business to David and Lauren Heerschap, two longtime employees of Brunton Outdoor Inc. in the U.S. Brunton is a manufacturer of equipment for navigation for various professional users and persons active in outdoor life, mainly in North America. The company commented ...
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Article
Yamaha and Hero Motors form joint venture for e-bike drive systems
Japanese Yamaha Motor Company has signed an agreement with Indian two-wheeler manufacturer Hero Motors for a new joint venture to manufacture e-bike drive systems in India. The company is expected to be established by the end of November, with Yamaha holding a 10 percent stake and Hero, the parent company ...
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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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WeSports 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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Acquisition 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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OvareVentures 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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Belgian 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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Pelican 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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Article
Pon 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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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 ...