Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Finland
  4. Nasdaq Helsinki
  5. Amer Sports Oyj
  6. News
  7. Summary
    AMEAS   FI0009000285

AMER SPORTS OYJ

(AMEAS)
  Report
SummaryNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Peloton Interactive, Inc. entered into a Stock and Asset Purchase Agreement to acquire Amer Sports Financial Services Oy, ASP Fitness Limited and Precor Incorporated (Precor Group) from Amer Sports Corporation for $420 million.

12/21/2020 EDT

Peloton Interactive, Inc. (NasdaqGS:PTON) entered into a Stock and Asset Purchase Agreement to acquire Amer Sports Financial Services Oy, ASP Fitness Limited and Precor Incorporated (Precor Group) from Amer Sports Corporation for $430 million on December 21, 2020. The purchase price is subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. Subject to the completion of the transaction, Precor Incorporated will operate as a business unit within Peloton Interactive, Inc. The Precor Incorporated United States facilities will join Peloton Interactive, Inc. existing manufacturing network with its third-party manufacturers and the Tonic facilities based in Taiwan. Upon Completion, the Precor Assets will be owned as to 100% by Peloton Interactive and the Precor Group will cease to be subsidiaries of the Group from listing rules perspective and will cease to be subsidiaries of AS Holding. Precor Incorporated President Rob Barker will become Chief Executive Officer, Precor Incorporated and General Manager, Peloton Interactive, Inc. commercial, reporting to William Lynch, Peloton Interactive, Inc. President. The acquisition would add a team of nearly 100 dedicated research and development employees to Peloton Interactive, Inc. accomplished R&D team. As of October 31, 2020, the net asset value of Precor group and carrying value of Precor intellectual Property is $312 million. The unaudited net profit before and after tax of the Precor Group for year ended 2019 is $6.5 million and $6.3 million respectively. The transaction is subject to customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The agreement is expected to occur in early calendar year 2021. The net proceeds to be received will be for general corporate purposes including but not limited to working capital and / or debt repayment pursuant to existing financing arrangements. Ethan Skerry, Matthew Cantor, Helen Christakos, Ralph Pais, Joseph Schenck, Mark Jansen, Mark Ostrau, Ashley Walter and William Skinner of Fenwick & West LLP acted as legal advisors to Peloton Interactive, Inc. Citigroup Inc. acted as sole financial advisor and Maggie Flores, Jon Davis, Daniel Dusek, Daisy Darvall, Jeff Ekeberg, Ian John, Jeff Ayer and Nicholas Norris of Kirkland & Ellis LLP acted as their legal advisors to Amer Sports Corporation and its investor consortium ANTA Sports (HKG:2020.HK), FountainVest Partners, Anamered Investments Inc. and Tencent Holdings Limited.


ę S&P Capital IQ 2020
All news about AMER SPORTS OYJ
04/01Peloton Interactive, Inc. completed the acquisition of Amer Sports Financial Services O..
CI
2020Peloton Interactive, Inc. entered into a Stock and Asset Purchase Agreement to acquire ..
CI
2019AMER SPORTS OYJ : Salomon announces sustainability objectives in Play Minded Program and u..
PU
2019AMER SPORTS OYJ : Kilian Jornet and Judith Wyder win Golden Trail World Series
PU
2019AMER SPORTS OYJ : Arc'teryx launches new Trips program, featuring adventures to remote des..
PU
2019AMER SPORTS OYJ : Atomic Media Day celebrated the Redster team for the coming season
PU
2019PRODUCT OF THE MONTH : X.11 Navigate parka by Peak Performance
PU
2019AMER SPORTS OYJ : Armada ensures creativity always has a place in skiing
PU
2019AMER SPORTS OYJ : Editors' picks for fall-winter 2019-20
PU
2019AMER SPORTS OYJ : Salomon S/PRO Boot receives Gear of the Year Award from SKI Magazine
PU
More news
Financials
Sales 2018 2 678 M 3 142 M 3 142 M
Net income 2018 47,5 M 55,7 M 55,7 M
Net Debt 2018 773 M 907 M 907 M
P/E ratio 2018 93,0x
Yield 2018 -
Capitalization 4 610 M 5 093 M 5 408 M
EV / Sales 2017 1,22x
EV / Sales 2018 1,94x
Nbr of Employees 9 489
Free-Float 86,0%
Income Statement Evolution
Managers and Directors
Jie Zheng Chief Executive Officer
Michael Hauge S°rensen Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
AMER SPORTS OYJ4.27%5 093
PELOTON INTERACTIVE, INC.-33.48%30 326
CALLAWAY GOLF COMPANY24.78%5 572
ASICS CORPORATION29.24%4 287
ACUSHNET HOLDINGS CORP.21.93%3 653
MIPS AB (PUBL)85.34%2 877