amer sports acquisition
Amer Sports Corporation's acquisition of the Salomon business and its brands has been seen to completion. Amer Sports Oyj (formerly Amer-Yhtymä Oyj) is a Chinese-owned Finnish sporting goods company with brands including Salomon, Arc'teryx, Peak Performance, Atomic, Suunto, Wilson, Precor, Armada, ENVE Composites, Louisville Slugger, DeMarini and Sports Tracker. Amer Sports Corporation has today completed the acquisition of Peak Performance from IC Group, announced on April 30, 2018. In 1999 the Group expands its operations by acquiring Suunto, a manufacturer of in particular outdoor and diving instruments. Atomic, the Winter Sports Division of Amer Group, expands its offerings by acquiring the Volant ski brand. United Nations Sustainable development goals (SDGS), Corporate responsibility management and organisation, Largest shareholders and ownership structure. The acquisition is one giant step forward toward the Amer Group's stated goal to become "the No. In addition, Precor also acquires ClubCom’s video hardware and system division Cardio Theater. Amer Group Plc acquires Precor Inc, an US based supplier of fitness equipment, for a total consideration of approximately EUR 180 million. All ice hockey related businesses are subsequently divested in 1986. Amer Sports press release: Amer Sports Corporation acquires Armada, the iconic US ski brand, with annual net sales of approximately USD 10 million. The company confirmed in September that it received the takeover bid … 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. Click here for more information. 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. Volant is a North American based ski brand which is mainly sold at the top-end of the market. Amer Sports is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc’teryx, Mavic, Suunto, and Precor. In 1994, Amer acquires the operations of Atomic, the Austrian manufacturer of winter sports equipment. The company’s operations became part of Wilson‘s Team Sports Division. Precor is one of the best-known fitness equipment brands in the USA and is the market leader in elliptical fitness equipment. Plastics is part of Amer following the Korpivaara acquisition in 1984 until its divestment at the beginning of 1990. Precor offers premium fitness equipment for both the home and commercial fitness markets. With the close of the acquisition Amer Sports retains the global brand, sales and innovation rights to Louisville Slugger, a leading American baseball brand. Rias is the leading distributor of plastic semi-manufactured products in the Nordic countries. Amer Sports said in a statement that the offer, announced in September and launched in December last year, had been successful with some 94 percent of its shares sold to the group. The London listing authority approves the delisting of Amer Sports shares from the official list of London Stock Exchange. Peak Performance business will be consolidated into Amer Sports as of July 2, 2018.
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