BikeBiz Bicycle and cycling retail news
Amer Sports Corporation has acquired Enve Composites of Utah, USA, in an all-cash deal worth $50m.
Enve markets high-end carbon wheels, components, and accessories for road and mountain biking with annual sales of approximately $30m.
A statement from Amer said the acquisition "accelerates" its business in the US and "provides further expansion opportunities internationally."
Amer owns Salomon, Wilson, Atomic, Arc’teryx, Mavic, Suunto and Precor.
