NEWS

Amer Sports Acquires Biking Brand ENVE

Wednesday, Feb 24, 2016

Amer Sports Oyj Says has acquired ENVE Composites LLC, based in Utah, USA.

Acquisition price is $50 million in an all-cash transaction.

Says acquisition will have no material impact on Amer Sports' 2016 financial results.

Expects closing of the acquisition to take place in Q1 2016.

ENVE is a brand in carbon wheels, components, and accessories for road and mountain biking.

 

Source : reuters.com