Dongguan Liesheng Electronic Technology Co., Ltd. agreed to acquire Suunto Oy from Amer Sports Corporation on January 10, 2022. Liesheng has indicated that Suunto will continue to run its operations from Vantaa, Finland and Suunto's brand, products, services, business relations and employee statuses will remain unchanged after the transaction. The closing of the transaction is subject to authority and other required approvals and fulfillment of certain commercial conditions. The transaction is expected to close in the first half of 2022. Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisor and Avance Attorneys Ltd. acted as legal advisor to Amer Sports Corporation.

Dongguan Liesheng Electronic Technology Co., Ltd. completed the acquisition of Suunto Oy from Amer Sports Corporation on May 6, 2022.