[ad3] Press Release – To accelerate its Cycling business, Amer Sports Corporation (Mavic, Salomon, Suunto) has acquired ENVE Composites LLC, based in Utah, USA. ENVE is a fast-growing brand in high-end carbon wheels, components, and accessories for road and mountain biking with annual sales of approximately USD 30 million. The acquisition accelerates Amer Sports Cycling business especially in the United States and provides further expansion opportunities internationally. ENVE brings capabilities in carbon technology, and it offers operational scale and synergy benefits complementing Amer Sports’ cycling category.
The acquisition price is USD 50 million in an all-cash transaction. The acquisition will have no material impact on Amer Sports’ 2016 financial results, and it will be accretive to Amer Sports EBIT margin as of 2017. The closing of the acquisition is expected in the first quarter of 2016.
Further information about ENVE: http://www.enve.com/
[ad12]
Last Winter Push Industries unveiled a new shock dubbed the SV Eight. The new damper…
In July I attended the launch of a new bike which I've given very high…
Virgin, Utah (September 10, 2024) – In one month’s time, the first riders will drop in for…
Virgin, Utah (August 21, 2024) – Eighteen of the top male freeride athletes have been invited to…
Those who follow the mag assiduously will have noticed that one of the mountain bikes…
Late this Fall and throughout an unusually warm Winter I've been spending time aboard my…