Amer Sports Corporation
October 27, 2016 at 3.00 p.m.
Amer Sports acquires EvoShield, the leading protective gear brand for baseball and softball
In line with its acceleration strategy especially in the United States, Amer Sports Corporation acquires the EvoShield brand from EvoShield, LLC. EvoShield is the leading brand of protective gear for baseball and softball athletes and teams in the U.S., and the Official Protective Gear of Major League Baseball® (MLB). The annual net sales of EvoShield are approximately EUR 10 million.
This selective asset acquisition includes the EvoShield brand, all EvoShield-branded products as well as intellectual property and distribution rights. EvoShield will be integrated into Amer Sports Ball Sports business segment, which already includes the leading baseball and softball brands Wilson, Louisville Slugger, DeMarini and ATEC.
The acquisition has no material impact on Amer Sports 2016 financial results and will be accretive to Amer Sports EBIT margin as of 2017.
For further information, please contact:
Päivi Antola, Director, Corporate Communications and IR, tel. +358 20 7122 537
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 (AMEAS).