{"id":121737,"date":"2016-02-22T06:48:52","date_gmt":"2016-02-22T05:48:52","guid":{"rendered":"http:\/\/www.mtb-mag.com\/?p=121737"},"modified":"2016-02-22T18:01:17","modified_gmt":"2016-02-22T17:01:17","slug":"amer-sports-acquires-enve","status":"publish","type":"post","link":"https:\/\/www.mtb-mag.com\/en\/amer-sports-acquires-enve\/","title":{"rendered":"Amer Sports acquires ENVE"},"content":{"rendered":"<p>[ad3] <span lang=\"EN-US\"><strong>Press Release &#8211;<\/strong> To accelerate its Cycling business,<a href=\"http:\/\/www.amersports.com\"> Amer Sports Corporation<\/a>\u00a0(Mavic, Salomon, Suunto) has acquired ENVE Composites LLC, based in Utah, USA. ENVE is a fast-growing brand in high-end carbon wheels, components, and accessories for road and mountain biking with annual sales of approximately USD 30 million. 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&#8217; cycling category.<\/span><u><\/u><u><\/u><\/p>\n<p><span lang=\"EN-US\">\u00a0<\/span><span lang=\"EN-US\">The acquisition price is USD 50 million in an all-cash transaction. The acquisition will have no material impact on Amer Sports&#8217; 2016 financial results, and it will be accretive to Amer Sports EBIT margin as of 2017. The closing of the acquisition is expected in the first quarter of 2016.<\/span><\/p>\n<p><span lang=\"EN-US\">Further information about ENVE: <\/span><a href=\"http:\/\/www.enve.com\/\" target=\"_blank\"><u><span lang=\"EN-US\">http:\/\/www.enve.com\/<\/span><\/u><\/a><\/p>\n<p>[ad12]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad3] Press Release &#8211; To accelerate its Cycling business, Amer Sports Corporation\u00a0(Mavic, Salomon, Suunto) has acquired ENVE Composites LLC, based in Utah, USA. ENVE is a fast-growing brand in high-end carbon wheels, components, and accessories for road and mountain biking with annual sales of approximately USD 30 million. 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&#8217; cycling category. \u00a0The acquisition price is USD 50 million in an all-cash transaction. The acquisition will have<\/p>\n","protected":false},"author":170425,"featured_media":121738,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3678],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.3 (Yoast SEO v19.7.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amer Sports acquires ENVE | MTB-MAG.COM<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mtb-mag.com\/en\/amer-sports-acquires-enve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amer Sports acquires ENVE\" \/>\n<meta property=\"og:description\" content=\"[ad3] Press Release &#8211; To accelerate its Cycling business, Amer Sports Corporation\u00a0(Mavic, Salomon, Suunto) has acquired ENVE Composites LLC, based in Utah, USA. ENVE is a fast-growing brand in high-end carbon wheels, components, and accessories for road and mountain biking with annual sales of approximately USD 30 million. 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&#8217; cycling category. \u00a0The acquisition price is USD 50 million in an all-cash transaction. The acquisition will have\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mtb-mag.com\/en\/amer-sports-acquires-enve\/\" \/>\n<meta property=\"og:site_name\" content=\"MTB-MAG.COM\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/mtbmagcom\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-22T05:48:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-02-22T17:01:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mtb-mag.com\/wp-content\/uploads\/2016\/02\/Screen-Shot-2016-02-22-at-8.42.59-AM.png\" \/>\n\t<meta property=\"og:image:width\" content=\"416\" \/>\n\t<meta property=\"og:image:height\" content=\"192\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ian Collins\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@mtbmagcom\" \/>\n<meta name=\"twitter:site\" 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