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

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