Mergers & Acquisitions
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).
ROSSANO VENETO, Italy (BRAIN) — The Bigolin family, which owns the Selle Italia saddle brand, now also has an interest in the Selle San Marco brand, the companies announced this week.
SAN DIEGO (BRAIN) — Less than a year and a half after being purchased by a San Diego composites manufacturer, Ellsworth Handcrafted Bicycles has been acquired by a local investor.
NEVERS, France (BRAIN) — Look Cycle announced Wednesday that it had bought a controlling interest in another French cycling stalwart, the wheel maker Corima.
PORTLAND, Ore. (BRAIN) — The Oregonian is reporting that The Clymb, a daily deal online retailer, was quietly sold to the owner of a similar business, LeftLane Sports, in September.
SANTA FE SPRINGS, Calif. (BRAIN) — Bravo Sports Corp. has acquired protective gear company Pro-Tec from Dye Precision, Inc., adding it to its portfolio of action sports brands, which include SixSixOne and ONE Industries. The purchase price was undisclosed.
SEATTLE, Wash. (BRAIN) — The boards of directors of the Cascade Bicycle Club and Washington Bikes approved the merger of the two organizations. The merger will create the nation’s largest statewide bicycle nonprofit, the groups said in a press release.
PARIS (BRAIN) — Global ski powerhouse Rossignol is in exclusive talks to buy Time Sport International, it announced Wednesday. Rossignol is looking to diversify to insulate itself from the effects of climate change, which is making the ski market more uncertain.
SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory Holding Corp. has closed on the previously announced acquisition of the assets of Marzocchi's mountain bike product lines.
SCOTTS VALLEY, Calif. (BRAIN) — Marzocchi is unlikely to contribute much to Fox Factory’s bottom line for at least a year, Fox executives warned investors Wednesday, saying it will take some time and money to resurrect the Italy-based brand, which is currently dormant.
DURHAM, N.C. (BRAIN) — Implus LLC, which owns a variety of outdoor and fitness brands, has bought FuelBelt Inc., the maker of hydration belts and running accessories.
BROOKLYN, N.Y. (BRAIN) — Custom clothing brand Verge Sport has purchased Sommerville Sports, another New York-based brand.
STOCKHOLM (BRAIN) — Swedish skiing and cycling helmet and apparel company POC has been acquired by Investcorp Group, an investment management firm, for $65 million from its parent, outdoor equipment company Black Diamond.
STOCKHOLM (BRAIN) — Thule Group has agreed to sell its snow chain business to Schneketten AG – an Austrian company in the snow chain industry, for 10 million euros ($11.2 million) in cash and up to another 10 million euros based on sales in the coming seasons.
WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings has completed the sale of CamelBak Products to Vista Outdoor Inc. for $412.5 million plus an additional $14.1 million of estimated cash and working capital adjustments.
WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings has agreed to sell CamelBak Products LLC to Vista Outdoor Inc. for about $412.5 million.
IRVINE, Calif. (BRAIN) — D6 Sports, Inc., the parent company of Hang Ten (a bike and surf/skate brand) and Airwalk (a skate and bike shoe brand), has been sold to PTX Performance Products USA LLC.
ALMERE, the Netherlands (BRAIN) — Pon Holdings, a Dutch conglomerate that owns several bike brands including Cervélo, Focus and Gazelle, has purchased California-based Santa Cruz Bicycles.