Amer Sports Corporation has today completed the acquisition of ENVE Composites LLC announced on February 22, 2016. The Finland based Amer Sports group, which owns brands including Armada, Salomon, Atomic, and Arcteryx has confirmed with multiple news sources that they have been approached regarding a $5.3 billion all-cash takeover by a Chinese group including one of the country’s largest sportswear brands Anta and the private equity firm FountainVest. Amer Sports press release: Amer Sports Corporation acquires Armada, the iconic US ski brand, with annual net sales of approximately USD 10 million. Its product portfolio includes cross trainers, treadmills and cycles, among others. Precor strengthens its position as a full-line supplier of fitness equipment by acquiring Fitness Products International (FPI), a strength product producer and ClubCom, a provider of private television networks to clubs and fitness facilities. Hyppölä (later known as Amerpap), a Finnish paper merchanting and paper converting company is acquired in 1979 and the Group’s Paper Division is duly established. Wilson Team Sports of Amer Group expands its operations by acquiring Athletic Training Equipment Company Inc. (ATEC) is a leading manufacturer of pitching machines for baseball and softball. The acquisition also expands Amer Sports businesses in outdoor and opens completely new market areas of bicycle components and technical clothing. Korpivaara also has its own vehicle lease and hire purchase finance business. Amer Sports Corporation's acquisition of the Salomon business and its brands has been seen to completion. The combined business creates a leading global sports equipment company with combined sales of EUR 1.7 billion and 7,300 employees. China's largest sports brand has submitted an official offer for Finnish manufacturer Amer Sports, which has already been recommended by the company's board of directors. The company confirmed in September that it received the takeover bid … Amer’s portfolio of well-known sports brands, including Salomon ski boots, could be an attractive prospect for Anta ahead of the upcoming Olympic Games in Asia. Precor is one of the best-known fitness equipment brands in the USA and is the market leader in elliptical fitness equipment. The London listing authority approves the delisting of Amer Sports shares from the official list of London Stock Exchange. Amer Sports makes a strategic move by acquiring Salomon and the family of brands Bonfire, Arc’teryx, and Cliché. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support A total of 1 acquisition came from private equity firms.It has also divested 4 assets.. Amer Sports’ largest acquisition to date was in 2005, when it acquired The Salomon Group for $547M.Amer Sports has acquired in 5 different US states, and 6 countries. Time/system, with sales subsidiaries in the Nordic countries, United Kingdom, Italy and Germany, is part of Amer Group until 1997. Amer Sports acquires Peak Performance, the iconic Swedish premium performance outerwear and streetwear brand. Amer Group launches its new marketing name, Amer Sports, combined with a new logo, to be used in corporate marketing and advertising. €16.5 million) in the last 12 months. Amer Sports Corporation has today completed the acquisition of Peak Performance from IC Group, announced on April 30, 2018. Weilin+Göös is divested in 1995 and Time/system in 1997. Amer Sports, ranked among the world's largest sports firms, was founded in 1950 as a tobacco company, before diversifying in the 2000s. The company is divested in 1991. Atomic manufactures and markets alpine and cross-country ski equipment under the Atomic and Dynamic brands. Copyright © 2018 CGTN. Amer Sports’ delisting from London Stock Exhange approved. In addition, Precor also acquires ClubCom’s video hardware and system division Cardio Theater. Beijing ICP prepared NO.16065310-3, Anta Sports buys Amer Sports for 4.6 bln euros. Salomon is known for highly innovative and performance oriented products. By using our website, you agree to the use of cookies, which help us better adapt our services and offerings to your needs. Amer Sports, the parent company of shoe brands Salomon and Arc'Teryx, confirms its receipt of an acquisition bid from Anta and FountainVest. The company is a subsidiary of Anta Sports.. As a result of Mascot Bidco Oy gaining title to all shares in Amer Sports Corporation, Amer Sports was delisted from the Nasdaq Helsinki on 4 September, 2019. More on this as the story unfolds. After several loss-making years, the company is divested in February 1997. The trading of the Company’s ordinary shares continues on the main list of the OMX Nordic Exchange Helsinki. In 1977, Amer obtains a listing for its “A” shares on the NASDAQ OMX Helsinki Ltd. Anta Sports is now also moving forward to the European area. The acquisition will have a minor positive impact on Amer Sports’ 2018 financial results, subject to final timing of the closing. Amer Sports Corporation has acquired all the shares and related businesses of Peak Performance AB from the Danish fashion company IC Group. Subsequently, the Division also encompasses a company both in the Netherlands and Belgium. Amer Sports acquires Nikita ehf, a snowboarding inspired Action Sports apparel brand which focuses on female consumers. The acquisition also expands Amer Sports businesses in outdoor and opens completely new market areas of bicycle components and technical clothing. An investor consortium including ANTA Sports Products Limited, FountainVest, Anamered Investments and an affiliate of Tencent makes a voluntary recommended cash tender fffer for all of the issued and outstanding shares in Amer Sports. Amer acquires three ships, the m/s Finnboston, the m/s Finnpartner and the m/s Finn-Amer, which are profitably managed by a shipping company. In September 1984, Amer acquires a majority holding in Korpivaara, the oldest and largest importer of cars in Finland. Anta's acquisition of Amer Sports is a bet on less mainstream sporting activities in China, such as skiing, hiking, tennis, etc. Queenax will be integrated into Amer Sports’ business division Precor.. Amer Sports considers functional strength training as one of the most important and fastest growing branches of … The Sports Division is first constituted in 1986, when Amer acquires 80% of the MacGregor Golf Company from the world famous golfer Jack Nicklaus. Following the acquisition of the majority share of its voting rights, the publicly quoted Danish company Rias A/S becomes part of Amer Group in1987. The acquisition is one giant step forward toward the Amer Group's stated goal to become "the No. In 1985, Amer acquires a majority holding in Marimekko, a Finnish design and textile company in the fields of interior decoration and ready-to-wear clothing. Peak Performance has a strong presence in the North and Central European markets, and the brand is also highly recognized outside of Europe. €145 million) and EBIT of DKK 123 million (approx. Amer changes its official name into Amer Sports Corporation to highlight the company’s focus on sports equipment. Korpivaara has exclusive import and distribution rights for Toyota, Citroen and Suzuki cars and vans, Toyota forklift trucks and Bridgestone and Firestone tyres in Finland. Share Besides Anta Sports, the consortium, set up to conduct the bid, includes Tencent, Asian investment fund FountainVest Partners and Anamered Investments which is run by Canadian businessman Chip Wilson. In 1999 the Group expands its operations by acquiring Suunto, a manufacturer of in particular outdoor and diving instruments. In January the Group acquires the operations of the US based DeMarini Inc, manufacturer of baseball and softball bats. After acquisition, the investor consortium intends to invest significant time, resources and effort in helping Amer Sports to accelerate several ongoing and new strategic initiatives under private ownership, including expanding Amer Sports' businesses in the Chinese market.
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