In 1994, Amer acquires the operations of Atomic, the Austrian manufacturer of winter sports equipment. Queenax will be integrated into Amer Sports’ business division Precor.. Amer Sports considers functional strength training as one of the most important and fastest growing branches of … The company confirmed in September that it received the takeover bid … In September 1984, Amer acquires a majority holding in Korpivaara, the oldest and largest importer of cars in Finland. The London listing authority approves the delisting of Amer Sports shares from the official list of London Stock Exchange. Amer changes its official name into Amer Sports Corporation to highlight the company’s focus on sports equipment. The trading of the Company’s ordinary shares continues on the main list of the OMX Nordic Exchange Helsinki. Peak Performance business will be consolidated into Amer Sports as of July 2, 2018. How much will be paid for the acquisition was not disclosed, but the trade is expected to go into effect by the end of June. More on this as the story unfolds. Anta Sports is now also moving forward to the European area. Amer Sports, the parent company of shoe brands Salomon and Arc'Teryx, confirms its receipt of an acquisition bid from Anta and FountainVest. The acquisition is completed at the end of March 1989 for a total consideration of USD 200 million. Precor offers premium fitness equipment for both the home and commercial fitness markets. Amer owns world famous sports brands such as Wilson, Arc'teryx, Atomic and Salomon. 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. Amer Sports acquires Peak Performance, the iconic Swedish premium performance outerwear and streetwear brand. Volant is a North American based ski brand which is mainly sold at the top-end of the market. Update: 14:15 (EST): Joerg at Prime Skiing (Joerga on NS) had a chat with Hans Smith , Armada Co-Founder, to find out a bit about why the decision has been made to sell to Amer. Amer Sports Corporation has completed its acquisition of sportswear brand Peak Performance from IC Group. In 1987, a Chicago based paper merchants, Hobart Mc/Intosh Paper Company, is acquired and included into the Paper Division. Based in Stockholm, Sweden, Peak Performance is a leading premium sports fashion brand with net sales of DKK 1,079 million (approx. The acquisition includes the Armada brand, Armada-branded products, as well as intellectual property and distribution rights. Amer Sports (Salomon, Atomic) announced this morning their $4.1 million acquisition of Armada Skis (yes, you read that number right). The acquisition will have a minor positive impact on Amer Sports’ 2018 financial results, subject to final timing of the closing. As a result of Mascot Bidco Oy gaining title to all shares in Amer Sports Corporation, Amer Sports was delisted from the Nasdaq Helsinki on 4 September, 2019. Amer Sports press release: Amer Sports Corporation acquires Armada, the iconic US ski brand, with annual net sales of approximately USD 10 million. After several loss-making years, the company is divested in February 1997. 1 sports equipment company in the world." The company is a subsidiary of Anta Sports.. 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). €16.5 million) in the last 12 months. Amer Group Plc acquires Precor Inc, an US based supplier of fitness equipment, for a total consideration of approximately EUR 180 million. The Sports Division is first constituted in 1986, when Amer acquires 80% of the MacGregor Golf Company from the world famous golfer Jack Nicklaus. The acquisition of Weilin+Göös in 1970, a long established Finnish printing and publishing business, sees the beginning of the Group’s Publishing and Printing Division, which is part of the Group for over 25 years. Amer Tobacco Oy is established in Finland. Peak Performance has a strong presence in the North and Central European markets, and the brand is also highly recognized outside of Europe. Amer Sports Corporation has completed the acquisition of Louisvillle Slugger from Hillerich & Bradsby Co (H&B) announced on March 23, 2015. The London listing authority approves the delisting of Amer Sports shares from the official list of London Stock Exchange. Subsequently, the Division also encompasses a company both in the Netherlands and Belgium. This is where a multibrand strategy comes into play. Click here for more information. China's largest sports brand has submitted an official offer for Finnish manufacturer Amer Sports, which has already been recommended by the company's board of directors. Anta's acquisition of Amer Sports is a bet on less mainstream sporting activities in China, such as skiing, hiking, tennis, etc. Rias is the leading distributor of plastic semi-manufactured products in the Nordic countries. Following the acquisition of the majority share of its voting rights, the publicly quoted Danish company Rias A/S becomes part of Amer Group in1987. Amer already has a Plastic Division, which includes manufacture and marketing of “Terhi” plastic boats. €145 million) and EBIT of DKK 123 million (approx. Amer Sports Corporation has today completed the acquisition of Peak Performance from IC Group, announced on April 30, 2018. Amer Sports acquires ENVE Composites LLC, a fast-growing brand in high-end carbon wheels, components, and accessories for road and mountain biking, and EvoShield, the leading brand of protective gear for baseball and softball. Weilin+Göös is known as one of the largest publishers of encyclopaedias and textbooks in Finland and the leading publisher of diaries and calendars. All ice hockey related businesses are subsequently divested in 1986. Amer Sports is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc’teryx, Mavic, Suunto, and Precor. The profits already take into account the acquisition of Amer Sports, for which it paid 4,661 million euros (5.1 billion dollars). 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. Its product portfolio includes cross trainers, treadmills and cycles, among others. With the close of the acquisition Amer Sports retains the global brand, sales and innovation rights to Louisville Slugger, a leading American baseball brand. Amer Sports divests Nikita and Bonfire brands and acquires Louisville Slugger, a leading American baseball brand, Sports Tracker, a digital sports application and online service and Queenax, a functional training systems provider. Sherbrooke Sports Division, St. Jean, Quebec 1986: Les Industries du HockeyCanadien, Inc. 1986: Koho Sporting Goods Corporation 1986: Koho-Tuote Oy 1986: Weiling & Göös 1970-1981: Ships m/s Finnboston, m/s Finnpartner and m/s Finn-Amer 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. 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 Weilin+Göös is divested in 1995 and Time/system in 1997. Salomon is known for highly innovative and performance oriented products. Toyota is ranked as the leader in the Finnish vehicle sales statistics for more than ten years. The Paper Division’s units are gradually sold during the 1990’s; the final divestments occur in 1994. Amer Sports has acquired 11 companies, including 3 in the last 5 years. Atomic manufactures and markets alpine and cross-country ski equipment under the Atomic and Dynamic brands. The company’s technically advanced sports equipment, footwear, and apparel improve performance and increase the enjoyment of sports and outdoor activities. The acquisition will have a minor positive impact on Amer Sports… 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. By using our website, you agree to the use of cookies, which help us better adapt our services and offerings to your needs. The delisting is finalized on Friday 24 June 2005. In addition to the Helsinki and London Stock Exchanges, the Company’s shares have been available through an ADR facility in the US since 1987; trading through the London Stock Exchange SEAQ International system starts in 1989. Time/system, with sales subsidiaries in the Nordic countries, United Kingdom, Italy and Germany, is part of Amer Group until 1997. Amer Sports Corporation divests the cycling business of Mavic S.A.S. 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. 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. 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 Corporation has today completed the acquisition of ENVE Composites LLC announced on February 22, 2016. Amer Sports Acquires Salomon{mosimage}Amer Sports Corporation has made an agreement with adidas-Salomon AG to acquire Salomon, including the brands Salomon, Mavic, Bonfire, Arc’Teryx, and Cliché. “We are delighted about the opportunity to invest in Amer Sports, a leading sporting goods company with a strong portfolio of internationally recognized brands," Anta Sports CEO Ding Shizhong said in a Dec. 8, 2018, release that first announced the possible acquisition. The acquisition also expands Amer Sports businesses in outdoor and opens completely new market areas of bicycle components and technical clothing. Amer Sports Corp. is the parent company to several brands, including Salomon and Arc’Teryx. Wilson is the world’s leading manufacturer of ball sports equipment: tennis, baseball, American football, golf, basketball, softball, badminton and squash. To safeguard its future business and growth potential, Amer acquires Wilson Sporting Goods Co. based in Chicago, Illinois. 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. Amer Sports acquires Armada, the iconic US ski brand. In 1999 the Group expands its operations by acquiring Suunto, a manufacturer of in particular outdoor and diving instruments. 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 … The acquisition also expands Amer Sports businesses in outdoor and opens completely new market areas of bicycle components and technical clothing. Les Industries du HockeyCanadien Inc., based in Drummondville, Quebec, Canada, the manufacturer of the “Canadien” range of ice hockey sticks, is acquired in 1979 as well as Sherbrooke Sports Division, St. Jean, Quebec, manufacturers of ice hockey protective equipment. The company is divested in 1991. United Nations Sustainable development goals (SDGS), Corporate responsibility management and organisation, Largest shareholders and ownership structure. Beijing ICP prepared NO.16065310-3, Anta Sports buys Amer Sports for 4.6 bln euros. 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. The transaction value for the Salomon business segment is expected to be approximately 485 million euros based on year-end 2004 figures. The acquisition would also improve Anta's status in her own country.ry. In January the Group acquires the operations of the US based DeMarini Inc, manufacturer of baseball and softball bats. Amer withdraws from its tobacco business on 26 March 2004 as Philip Morris agrees to buy back the exclusive right Amer Tobacco Ltd held to produce and sell Philip Morris cigarettes in Finland. Atomic, the Winter Sports Division of Amer Group, expands its offerings by acquiring the Volant ski brand. A Chinese investor group led by Anta Sports Products reached a deal to acquire Finland’s Amer Sports Oyj, which bought Chicago-based Wilson in 1989. 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 1984, Amer is the second Finnish company to be listed on the London Stock Exchange, and trading of the company’s “A” shares commences on 29 May. In 1977, Amer obtains a listing for its “A” shares on the NASDAQ OMX Helsinki Ltd. Korpivaara also has its own vehicle lease and hire purchase finance business. Wilson Team Sports of Amer Group expands its operations by acquiring Athletic Training Equipment Company Inc. (ATEC) is a leading manufacturer of pitching machines for baseball and softball. The combined business will create a leading global sports equipment company with combined sales of EUR 1.7 billion and 6,800 employees. The company’s operations became part of Wilson‘s Team Sports Division. 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. An investor consortium including ANTA Sports Products Limited, FountainVest, Anamered Investments and an affiliate of Tencent makes a voluntary recommended cash tender fffer for all of the issued and outstanding shares in Amer Sports. Precor is one of the best-known fitness equipment brands in the USA and is the market leader in elliptical fitness equipment. 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. Amer Sports’ delisting from London Stock Exhange approved. After acquisition, the investor consortium intends to invest significant time, resources and effort in helping Amer Sports to accelerate several ongoing and new strategic initiatives under private ownership, including expanding Amer Sports' businesses in the Chinese market. 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. 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 owns different niche brands for different sports categories: Salomon ski boots, Louisville Slugger baseball bats, Arcteryx outdoor apparel, etc. Share 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. Amer Sports, ranked among the world's largest sports firms, was founded in 1950 as a tobacco company, before diversifying in the 2000s. Amer Sports, ranked among the world's largest sports firms, was founded in 1950 as a tobacco company, before diversifying in the 2000s. Amer Group launches its new marketing name, Amer Sports, combined with a new logo, to be used in corporate marketing and advertising. Amer Sports makes a strategic move by acquiring Salomon and the family of brands Bonfire, Arc’teryx, and Cliché. 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. Copyright © 2018 CGTN. Amer Sports Corporation has acquired all the shares and related businesses of Peak Performance AB from the Danish fashion company IC Group. 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. 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. In addition, Precor also acquires ClubCom’s video hardware and system division Cardio Theater. The combined business creates a leading global sports equipment company with combined sales of EUR 1.7 billion and 7,300 employees. 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. Amer acquires three ships, the m/s Finnboston, the m/s Finnpartner and the m/s Finn-Amer, which are profitably managed by a shipping company. Plastics is part of Amer following the Korpivaara acquisition in 1984 until its divestment at the beginning of 1990. In 1985, Amer acquires a majority holding in Marimekko, a Finnish design and textile company in the fields of interior decoration and ready-to-wear clothing. The acquisition is one giant step forward toward the Amer Group's stated goal to become "the No. 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.