Besides Anta Sports, the consortium, set up to conduct the bid, includes Tencent, Asian investment fund FountainVest Partners and Anamered Investments which is run by Canadian businessman Chip Wilson. Amer Sports, ranked among the world's largest sports firms, was founded in 1950 as a tobacco company, before diversifying in the 2000s. Rias is the leading distributor of plastic semi-manufactured products in the Nordic countries. The bid to purchase Amer Sports, which owns brands such as Salomon, Arc’teryx, Wilson, Louisville Slugger, and Precor, was issued by Anta on September 12. By using our website, you agree to the use of cookies, which help us better adapt our services and offerings to your needs. Amer Sports Corporation's acquisition of the Salomon business and its brands has been seen to completion. Prior to the listing, the shareholder base is broadened from the four founder organisations (owners of the “K” shares) through a share issue of A shares targeted at the members of the founder shareholders and Amer’s employees. The company’s technically advanced sports equipment, footwear, and apparel improve performance and increase the enjoyment of sports and outdoor activities. The acquisition includes both the brand name Queenax and the intellectual property and distribution rights. The acquisition also expands Amer Sports businesses in outdoor and opens completely new market areas of bicycle components and technical clothing. A total of 1 acquisition came from private equity firms.It has also divested 4 assets.. Amer Sports’ largest acquisition to date was in 2005, when it acquired The Salomon Group for $547M.Amer Sports has acquired in 5 different US states, and 6 countries. A consortium led by China's Anta Sports Products Ltd., the country's largest sportswear company, has bought Finnish firm Amer Sports for 4.6 billion euros (5.15 billion U.S. dollars). The profits already take into account the acquisition of Amer Sports, for which it paid 4,661 million euros (5.1 billion dollars). The acquisition includes the Armada brand, Armada-branded products, as well as intellectual property and distribution rights. The Finland based Amer Sports group, which owns brands including Armada, Salomon, Atomic, and Arcteryx has confirmed with multiple news sources that they have been approached regarding a $5.3 billion all-cash takeover by a Chinese group including one of the country’s largest sportswear brands Anta and the private equity firm FountainVest. Amer Sports Oyj (formerly Amer-Yhtymä Oyj) is a Chinese-owned Finnish sporting goods company with brands including Salomon, Arc'teryx, Peak Performance, Atomic, Suunto, Wilson, Precor, Armada, ENVE Composites, Louisville Slugger, DeMarini and Sports Tracker. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Peak Performance business will be consolidated into Amer Sports as of July 2, 2018. The company’s operations became part of Wilson‘s Team Sports Division. Amer Sports, the parent company of shoe brands Salomon and Arc'Teryx, confirms its receipt of an acquisition bid from Anta and FountainVest. The London listing authority approves the delisting of Amer Sports shares from the official list of London Stock Exchange. Peak Performance has a strong presence in the North and Central European markets, and the brand is also highly recognized outside of Europe. This is where a multibrand strategy comes into play. To reinforce its publishing activities, Amer acquires several publishing and printing businesses including, among others, Time/system International A/S, a global producer and marketer of personal planning systems, which is acquired in 1987. The acquisition would also improve Anta's status in her own country.ry. Copyright © 2018 CGTN. Amer’s portfolio of well-known sports brands, including Salomon ski boots, could be an attractive prospect for Anta ahead of the upcoming Olympic Games in Asia. Amer Sports Corporation divests the cycling business of Mavic S.A.S. During the 1970’s as excess capacity develops in the industry, Amer decides to dispose of its shipping investments and the last ship is sold in 1981. The business will now be consolidated into Amer Sports on 2 July and will have a minor positive impact onthe company’s 2018 financial results. The Toyota operations are divested in 1995, and the Citroen and Suzuki operations in 1996. Not taking into account the said purchase, which was made with private funds, Anta would have obtained a net profit of 3,073.6 million yuan (444 billion dollars), 53.5% more than … In addition, Precor also acquires ClubCom’s video hardware and system division Cardio Theater. Amer Sports said in a statement that the offer, announced in September and launched in December last year, had been successful with some 94 percent of its shares sold to the group. Beijing ICP prepared NO.16065310-3, Anta Sports buys Amer Sports for 4.6 bln euros. Amer Tobacco Oy is established in Finland. China’s ANTA Sports Products Limited is leading a consortium that is in the final stages of agreeing to acquire Finland’s Amer Sports Corporation in an all-cash acquisition deal worth €4.6 billion ($5.2 billion). In 1999 the Group expands its operations by acquiring Suunto, a manufacturer of in particular outdoor and diving instruments. In January the Group acquires the operations of the US based DeMarini Inc, manufacturer of baseball and softball bats. Amer Group Plc acquires Precor Inc, an US based supplier of fitness equipment, for a total consideration of approximately EUR 180 million. Amer Sports makes a strategic move by acquiring Salomon and the family of brands Bonfire, Arc’teryx, and Cliché. Precor strengthens its position as a full-line supplier of fitness equipment by acquiring Fitness Products International (FPI), a strength product producer and ClubCom, a provider of private television networks to clubs and fitness facilities. The combined business creates a leading global sports equipment company with combined sales of EUR 1.7 billion and 7,300 employees. Anta Sports is now also moving forward to the European area. To supplement and expand its European sporting goods activities, in 1978 Amer acquires Koho Sporting Goods Corporation, based in Long Island, New York, which acts as a distributor of Koho products in North East USA. Estimated to be worth 4.4 billion euros, Amer Sports last reported annual sales of 2.7 billion euros and employs around 9,500 people. During the 1960’s Amer moves into ship-owning which is an efficient form of investment for the growing profits of the company’s tobacco business. Korpivaara also has its own vehicle lease and hire purchase finance business. Amer Sports to acquire Sports Tracker Finnish sporting goods giant Amer Sports announced that it is acquiring Sports Tracker, a smartphone and web-based fitness tracking application, and also Finland-based. For the first time Amer enters into a sporting goods business in 1974 through the acquisition of Koho-Tuote Oy, manufacturers of “Koho” ice hockey sticks and protective equipment. The transaction value for the Salomon business segment is expected to be approximately 485 million euros based on year-end 2004 figures. Hyppölä (later known as Amerpap), a Finnish paper merchanting and paper converting company is acquired in 1979 and the Group’s Paper Division is duly established. The acquisition is completed at the end of March 1989 for a total consideration of USD 200 million. Amer Sports Corporation has acquired all the shares and related businesses of Peak Performance AB from the Danish fashion company IC Group. Amer changes its official name into Amer Sports Corporation to highlight the company’s focus on sports equipment. Weilin+Göös is known as one of the largest publishers of encyclopaedias and textbooks in Finland and the leading publisher of diaries and calendars.
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