Abéo SA (ENXTPA : ABEO) Completed the acquisition of 70% stake in Bigairbag B.V. from Huting Company B.V.
July 11, 2022
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Abéo SA (ENXTPA : ABEO) entered into an agreement to acquire 70% stake in Bigairbag B.V. on June 13, 2022. The agreement signed on provides for an earnout payment indexed to the company's performance during the first financial year following consolidation, as well as a combined put and call option on the remaining 30% equity stake.The acquisition will be financed with equity by payment in cash for 64% and by payment in ABEO Shares for 36%. In 2021 Bigairbag B.V. achieved profitable turnover of €3 million. The transaction is expected to completed within next two weeks.
Abéo SA (ENXTPA : ABEO) Completed the acquisition of 70% stake in Bigairbag B.V. from Huting Company B.V. on July 12, 2022.
ABEO SA specializes in the design, manufacture and marketing of sports and leisure equipment. The group supports its professional clients (specialized sports halls and clubs, leisure centers, education sector, local authorities, building professionals, etc.) in the implementation of their projects. ABEO SA owns a portfolio of brands that are partners of sports federations and present at major sporting events, including the Olympic Games. Net sales break down by family of products as follows:
- gymnastics, team sports and physical training equipment (52%): gymnastic equipment, carpets, landing mats, training and competition gear, etc. (Bosan, Cannice, Erhard Sport, Gymnova, Janssen-Fritsen, Schelde Sport, Spieth Gymnastics and Sportsafeuk brands);
- changing rooms and sanitary equipment (27.5%): toilet cubicles, lockers and cabinets, shower walls, benches and coat racks, wall cladding, etc. (France Equipement, Meta, Navic, Prospec, Sanitec and Suffixe brands);
- walls, play modules and climbing equipment (20.5%): Entre-Prises, Top 30, Dock 39 and Clip'N Climb.
At the end of March 2023, the group operated 18 production sites located in France (5), Europe (8), the United States (3), China, and Canada.
Net sales are distributed geographically as follows: France (31.7%), European Union (41.8%), Europe (11.6%), America (14.1%) and Asia (0.8%).
ABEO SA 
