Tag Archives: acquisition

Accell Group and a consortium led by KKR have agreed on a recommended all-cash offer of €58.00 per share for all shares in Accell Group, representing a total consideration of approximately €1.56 billion. “The supervisory board unanimously supports the transaction and recommends the offer by the consortium, which we believe …

SRAM has acquired cycling technology company Hammerhead, maker of the Karoo 2 cycling computer. Hammerhead will join SRAM’s portfolio of brands and will continue to develop its Karoo product line under the SRAM portfolio. The companies completed the transaction on 30th December 2021. “Hammerhead is an amazing brand with award-winning …

Amer Sports and Liesheng – a Chinese technology company focusing on the smart and sport wearables electronics segment – have agreed on a transaction in which Amer Sports sells Suunto to Liesheng.    “We see tremendous potential with all of our brands,” said Michael Hauge Sørensen, chief operating officer of Amer …

Dorel Industries has completed the previously-announced sale of Dorel Sports, its bicycle segment, to Dutch mobility group Pon Holdings for $810 million, representing approximately CAD $1.03 billion. At closing, Dorel said it received net proceeds from the sale of approximately $735 million, which it will use for payment of a …

Helen of Troy, designer, developer and worldwide marketer of consumer brand-name housewares, health, home and beauty products, has announced that one of its subsidiaries has entered into a definitive agreement to acquire Osprey Packs. Founded in 1974, Osprey’s product line-up includes a wide range of backpacks and daypacks for hiking, …

Pierer Mobility AG has announced the acquisition and integration of Felt Bicycles into its division Pierer E-Bikes GmbH. Founded in 1991 in California, USA, Felt Bicycles has a reputation for producing high-performance, drop-bar road, triathlon, track, cyclocross, gravel and adventure bikes. Felt bikes have been ridden to stage wins at …

Micromobility operator TIER is today acquiring bike-share company nextbike. With the acquisition, TIER is expanding its portfolio of shared, light electric vehicles with rental bikes and e-bikes. nextbike has been operating bike rental systems since 2004, mostly as the exclusive operator for cities, and has established a profitable shared mobility business …

Dorel Industries has entered into a definitive agreement to sell Dorel Sports to Pon Holdings for $810 million in cash. Dorel said it expects to use the net proceeds from the sale of approximately $735 million (subject to closing adjustments) to reduce indebtedness, return capital to shareholders and for general …

JD Group has acquired a majority stake in bicycle retailer Wheelbase. Founded in 1993, Wheelbase has 45 employees and three stores across the North of England. It also has a large online presence selling premium bikes to customers all over the UK. It offers a comprehensive and diverse range of …

Sea Otter Classic has been acquired by Life Time. Life Time is the owner/producer of multiple athletic events, with a history of providing ‘premium, uncompromising’ race experiences. Its acquisition of Sea Otter marks another ‘important’ step in the continued growth and success of the event. Sea Otter Classic’s leadership team …