Mergers, Acquisitions & Investments
SCOTTSDALE, Ariz. (BRAIN) — EDCO USA has acquired the Faster cycling performance center, which includes a low-speed wind tunnel and bike fit studio.
ANTWERP, Belgium (BRAIN) — Shimano Europe has agreed to acquire Lazer Sport NV, the Belgian helmet brand.
The companies agreed to the deal on Thursday. After clearance from authorities, the acquisition is expected to close in the second half of this year, Shimano said.
BREMBATE, Italy (BRAIN) — Italty's 3T Cycling Srl will acquire THM Carbones GmbH, a high-end carbon components brand based in Germany. The companies said the acquisition will be completed in August.
BOULDER, Colo. (BRAIN) — Eco Brands Group, the parent of Green Guru Gear and Ecologic Designs, has acquired another recycled products manufacturer, Seattle-based Alchemy Goods.
BOISE, Idaho (BRAIN) — K-Edge has new owners and is planning a re-branding, as two of its co-founders — Joe Savola and his wife, the Olympic cyclist Kristin Armstrong — have sold their interest in the brand to AceCo Precision Tools. K-Edge co-founder Eric Jensen been has appointed president.
GOLDEN, Colo. (BRAIN) — Colorado-based Feedback Sports has acquired Scorpion Bike Stands LLC, which was based in Dana Point, California. The purchase includes patents and trademarks associated with the Scorpion bicycle stand developed by Scorpion founder Mike Diorio.
CLEARFIELD, Utah (BRAIN) — Vista Outdoor Inc. has completed its purchase of the Bell, Giro, C-Preme and Blackburn brands for $400 million.
LEVIS, Quebec (BRAIN) — Hawley-Lambert North America has bought the inventory, including proprietary brands, once distributed by Seattle Bike Supply.
SAN MATEO, Calif. (BRAIN) — GoPro Inc. announced agreements this week to acquire mobile video editing apps Replay and Splice. Merging Replay and Splice.
CLEARFIELD, Utah (BRAIN) — Vista Outdoor Inc. has agreed to buy BRG Sports, Inc.'s Action Sports division, which includes Bell, Giro, C-Preme and Blackburn.
OGDEN, Utah (BRAIN) — Amer Sports Corp., the owner of Mavic and several other outdoor brands, has bought Utah's Enve Composites for $50 million.
Enve makes carbon rims, wheels and components and has annual sales of about $30 million.
YARMOUTH, Maine (BRAIN) — Garmin Ltd. has agreed to buy DeLorme, a privately-held, Maine-based company that designs and markets consumer GPS tracking devices with two-way communication and navigational capabilities.
LONDON (BRAIN) — U.K. e-commerce businesses Wiggle and Chain Reaction Cycle confirmed Friday that they will merge, pending regulatory approvals. The combined businesses will have annual revenues of more than 300 million pounds ($434 million).
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