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Amer Sports Oyj: Amer Sports accelerates in Cycling through the acquisition of ENVE

Amer Sports Corporation

February 22, 2016 at 5:45 p.m.

Amer Sports accelerates in Cycling through the acquisition of ENVE

To accelerate its Cycling business, Amer Sports Corporation 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' cycling category.

The acquisition price is USD 50 million in an all-cash transaction. The
acquisition will have no material impact on Amer Sports' 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.

Further information about ENVE:http://www.enve.com/

Images and logos:http://dealer.enve.com/media/

For further information, please contact:

Päivi Antola, Director, Corporate Communications and IR, tel. +358 20 7122 537


Nasdaq Helsinki
Main media


Amer Sports (www.amersports.com) is a sporting goods company with
internationally recognized brands including Salomon, Wilson, Atomic,
Arc'teryx, Mavic, Suunto and Precor. The company's technically advanced
sports equipment, footwear and apparel improve performance and increase the
enjoyment of sports and outdoor activities. The Group's business is balanced
by its broad portfolio of sports and products and a presence in all major
markets. Amer Sports shares are listed on the Nasdaq Helsinki stock exchange


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Amer Sports Oyj via Globenewswire


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