amer sports acquisition

With the close of the acquisition Amer Sports retains the global brand, sales and innovation rights to Louisville Slugger, a leading American baseball brand. Anta Sports is now also moving forward to the European area. Wilson is the world’s leading manufacturer of ball sports equipment: tennis, baseball, American football, golf, basketball, softball, badminton and squash. 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. 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. Anta's acquisition of Amer Sports is a bet on less mainstream sporting activities in China, such as skiing, hiking, tennis, etc. Salomon is known for highly innovative and performance oriented products. Amer Sports’ delisting from London Stock Exhange approved. Amer Sports acquires Nikita ehf, a snowboarding inspired Action Sports apparel brand which focuses on female consumers. Peak Performance has a strong presence in the North and Central European markets, and the brand is also highly recognized outside of Europe. 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 Amer owns different niche brands for different sports categories: Salomon ski boots, Louisville Slugger baseball bats, Arcteryx outdoor apparel, etc. The company confirmed in September that it received the takeover bid … 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. In January the Group acquires the operations of the US based DeMarini Inc, manufacturer of baseball and softball bats. Volant is a North American based ski brand which is mainly sold at the top-end of the market. 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. This is where a multibrand strategy comes into play. Precor is one of the best-known fitness equipment brands in the USA and is the market leader in elliptical fitness equipment. Atomic manufactures and markets alpine and cross-country ski equipment under the Atomic and Dynamic brands. Plastics is part of Amer following the Korpivaara acquisition in 1984 until its divestment at the beginning of 1990. Les Industries du HockeyCanadien Inc., based in Drummondville, Quebec, Canada, the manufacturer of the “Canadien” range of ice hockey sticks, is acquired in 1979 as well as Sherbrooke Sports Division, St. Jean, Quebec, manufacturers of ice hockey protective equipment. The Toyota operations are divested in 1995, and the Citroen and Suzuki operations in 1996. In 1984, Amer is the second Finnish company to be listed on the London Stock Exchange, and trading of the company’s “A” shares commences on 29 May. The business will now be consolidated into Amer Sports on 2 July and will have a minor positive impact onthe company’s 2018 financial results. 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 acquisition includes the Armada brand, Armada-branded products, as well as intellectual property and distribution rights. The Sports Division is first constituted in 1986, when Amer acquires 80% of the MacGregor Golf Company from the world famous golfer Jack Nicklaus. Amer already has a Plastic Division, which includes manufacture and marketing of “Terhi” plastic boats. More on this as the story unfolds. Amer Sports has acquired 11 companies, including 3 in the last 5 years. The acquisition is one giant step forward toward the Amer Group's stated goal to become "the No. Precor offers premium fitness equipment for both the home and commercial fitness markets. Amer Sports divests Nikita and Bonfire brands and acquires Louisville Slugger, a leading American baseball brand, Sports Tracker, a digital sports application and online service and Queenax, a functional training systems provider. China’s ANTA Sports Products Limited is leading a consortium that is in the final stages of agreeing to acquire Finland’s Amer Sports Corporation in an all-cash acquisition deal worth €4.6 billion ($5.2 billion). Copyright © 2018 CGTN. The acquisition is completed at the end of March 1989 for a total consideration of USD 200 million. In 1977, Amer obtains a listing for its “A” shares on the NASDAQ OMX Helsinki Ltd. 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. To supplement and expand its European sporting goods activities, in 1978 Amer acquires Koho Sporting Goods Corporation, based in Long Island, New York, which acts as a distributor of Koho products in North East USA. To safeguard its future business and growth potential, Amer acquires Wilson Sporting Goods Co. based in Chicago, Illinois. Amer Sports (Salomon, Atomic) announced this morning their $4.1 million acquisition of Armada Skis (yes, you read that number right). A consortium led by China's Anta Sports Products Ltd., the country's largest sportswear company, has bought Finnish firm Amer Sports for 4.6 billion euros (5.15 billion U.S. dollars). Estimated to be worth 4.4 billion euros, Amer Sports last reported annual sales of 2.7 billion euros and employs around 9,500 people. 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 company’s operations became part of Wilson‘s Team Sports Division. Amer Sports makes a strategic move by acquiring Salomon and the family of brands Bonfire, Arc’teryx, and Cliché. Weilin+Göös is known as one of the largest publishers of encyclopaedias and textbooks in Finland and the leading publisher of diaries and calendars. Amer Sports press release: Amer Sports Corporation acquires Armada, the iconic US ski brand, with annual net sales of approximately USD 10 million. Amer Sports Corporation has today completed the acquisition of Peak Performance from IC Group, announced on April 30, 2018. Amer Sports acquires Peak Performance, the iconic Swedish premium performance outerwear and streetwear brand. “We are delighted about the opportunity to invest in Amer Sports, a leading sporting goods company with a strong portfolio of internationally recognized brands," Anta Sports CEO Ding Shizhong said in a Dec. 8, 2018, release that first announced the possible acquisition. Weilin+Göös is divested in 1995 and Time/system in 1997. Amer Sports to acquire Sports Tracker Finnish sporting goods giant Amer Sports announced that it is acquiring Sports Tracker, a smartphone and web-based fitness tracking application, and also Finland-based. Amer Group Plc acquires Precor Inc, an US based supplier of fitness equipment, for a total consideration of approximately EUR 180 million. 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 of Weilin+Göös in 1970, a long established Finnish printing and publishing business, sees the beginning of the Group’s Publishing and Printing Division, which is part of the Group for over 25 years. 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. Amer Group launches its new marketing name, Amer Sports, combined with a new logo, to be used in corporate marketing and advertising. How much will be paid for the acquisition was not disclosed, but the trade is expected to go into effect by the end of June. Korpivaara also has its own vehicle lease and hire purchase finance business. 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. 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. 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. Amer Sports, the parent company of shoe brands Salomon and Arc'Teryx, confirms its receipt of an acquisition bid from Anta and FountainVest. 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. During the 1970’s as excess capacity develops in the industry, Amer decides to dispose of its shipping investments and the last ship is sold in 1981. Amer Sports Corp. is the parent company to several brands, including Salomon and Arc’Teryx. 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. The company is divested in 1991. 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 is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc’teryx, Mavic, Suunto, and Precor. The transaction value for the Salomon business segment is expected to be approximately 485 million euros based on year-end 2004 figures. The acquisition will have a minor positive impact on Amer Sports’ 2018 financial results, subject to final timing of the closing. The company’s technically advanced sports equipment, footwear, and apparel improve performance and increase the enjoyment of sports and outdoor activities. The company is a subsidiary of Anta Sports.. In addition, Precor also acquires ClubCom’s video hardware and system division Cardio Theater. Amer owns world famous sports brands such as Wilson, Arc'teryx, Atomic and Salomon. The acquisition will have a minor positive impact on Amer Sports… A Chinese investor group led by Anta Sports Products reached a deal to acquire Finland’s Amer Sports Oyj, which bought Chicago-based Wilson in 1989. The combined business will create a leading global sports equipment company with combined sales of EUR 1.7 billion and 6,800 employees. 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. The London listing authority approves the delisting of Amer Sports shares from the official list of London Stock Exchange. All ice hockey related businesses are subsequently divested in 1986. Amer withdraws from its tobacco business on 26 March 2004 as Philip Morris agrees to buy back the exclusive right Amer Tobacco Ltd held to produce and sell Philip Morris cigarettes in Finland. In addition to the Helsinki and London Stock Exchanges, the Company’s shares have been available through an ADR facility in the US since 1987; trading through the London Stock Exchange SEAQ International system starts in 1989. Amer Sports Corporation has completed the acquisition of Louisvillle Slugger from Hillerich & Bradsby Co (H&B) announced on March 23, 2015. Rias is the leading distributor of plastic semi-manufactured products in the Nordic countries. Update: 14:15 (EST): Joerg at Prime Skiing (Joerga on NS) had a chat with Hans Smith , Armada Co-Founder, to find out a bit about why the decision has been made to sell to Amer. Time/system, with sales subsidiaries in the Nordic countries, United Kingdom, Italy and Germany, is part of Amer Group until 1997. Amer Sports acquires Armada, the iconic US ski brand. Peak Performance business will be consolidated into Amer Sports as of July 2, 2018. Not taking into account the said purchase, which was made with private funds, Anta would have obtained a net profit of 3,073.6 million yuan (444 billion dollars), 53.5% more than … The bid to purchase Amer Sports, which owns brands such as Salomon, Arc’teryx, Wilson, Louisville Slugger, and Precor, was issued by Anta on September 12. Amer Sports Corporation's acquisition of the Salomon business and its brands has been seen to completion. After several loss-making years, the company is divested in February 1997. In 1994, Amer acquires the operations of Atomic, the Austrian manufacturer of winter sports equipment. Prior to the listing, the shareholder base is broadened from the four founder organisations (owners of the “K” shares) through a share issue of A shares targeted at the members of the founder shareholders and Amer’s employees. Amer Sports Corporation divests the cycling business of Mavic S.A.S. 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. In 1987, a Chicago based paper merchants, Hobart Mc/Intosh Paper Company, is acquired and included into the Paper Division. 1 sports equipment company in the world." To reinforce its publishing activities, Amer acquires several publishing and printing businesses including, among others, Time/system International A/S, a global producer and marketer of personal planning systems, which is acquired in 1987. Amer Sports, ranked among the world's largest sports firms, was founded in 1950 as a tobacco company, before diversifying in the 2000s. The acquisition also expands Amer Sports businesses in outdoor and opens completely new market areas of bicycle components and technical clothing. Estimated to be worth 4.4 billion euros, Amer Sports last reported annual sales of 2.7 billion euros and employs around 9,500 people. The acquisition also expands Amer Sports businesses in outdoor and opens completely new market areas of bicycle components and technical clothing. €16.5 million) in the last 12 months. The trading of the Company’s ordinary shares continues on the main list of the OMX Nordic Exchange Helsinki. In September 1984, Amer acquires a majority holding in Korpivaara, the oldest and largest importer of cars in Finland. The combined business creates a leading global sports equipment company with combined sales of EUR 1.7 billion and 7,300 employees. Atomic, the Winter Sports Division of Amer Group, expands its offerings by acquiring the Volant ski brand. 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