Amer Sports acquires Armada, a US ski brand
(Thomson Reuters ONE) -
Amer Sports Corporation
PRESS RELEASE
March 29, 2017 at 9:00 a.m.
Amer Sports acquires Armada, a US ski brand
Amer Sports Corporation acquires Armada, the iconic US ski brand, with annual
net sales of approximately USD 10 million. The acquisition includes the Armada
brand, Armada-branded products, as well as intellectual property and
distribution rights. The transaction value is approximately USD 4.1 million, of
which USD 2.5 million will be settled with cash. Armada will be integrated into
Amer Sports Winter Sports Equipment business unit.
"The acquisition enables us to further accelerate especially in the US market
where Armada has a solid presence. Further, the acquisition is synergistic, as
we have already in the past collaborated with Armada through a joint
manufacturing arrangement. We're pleased to welcome Armada into our portfolio of
strong, well-positioned brands", says Michael Schineis, President of Amer Sports
Winter Sports Equipment.
The acquisition has no material impact on Amer Sports 2017 financial results.
For further information, please visit https://armadaskis.com.
For further information, please contact:
Päivi Antola
Director, Corporate Communications and IR
Tel. +358 20 7122 537
DISTRIBUTION
Nasdaq Helsinki
Main media
www.amersports.com
AMER SPORTS
Amer Sports (www.amersports.com) is a sporting goods company with
internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx,
Mavic, Suunto and Precor. The company's technically advanced sports equipment,
footwear and apparel improve performance and increase the enjoyment of sports
and outdoor activities. The Group's business is balanced by its broad portfolio
of sports and products and a presence in all major markets. Amer Sports shares
are listed on the Nasdaq Helsinki stock exchange (AMEAS).
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Amer Sports Oyj via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 29.03.2017 - 08:01 Uhr
Sprache: Deutsch
News-ID 533093
Anzahl Zeichen: 2498
contact information:
Town:
Helsinki
Kategorie:
Business News
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