HELSINKI (BRAIN) — As expected, Amer Sports Corporation has completed its purchase of Enve Composites for $50 million, the company announced Tuesday. The purchase plans were announced Feb. 22.
"The acquisition accelerates Amer Sports Cycling business especially in the United States and provides further expansion opportunities internationally. Enve brings capabilities in carbon technology, and it offers operational scale and synergy benefits complementing Amer Sports' cycling category," the company said.
Amer's other brand in the cycling market is Mavic. The company has said Mavic and Enve will operate independently for the most part.
