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