Deal Details

sale to Amer Sports Corporation

---

Summary

About

ENVE Composites (“ENVE” or the “Company”) has been acquired by Amer Sports Corporation (“Amer”) (HLSE: AMEAS). The acquisition accelerates Amer’s cycling business, especially in the United States and provides further expansion opportunities internationally.

ENVE designs, engineers and manufactures high-end carbon fiber wheels, components, frame parts and accessories for road and mountain biking. The Company is renowned for developing the strongest, stiffest, lightest and most durable and aerodynamic rims on the market. ENVE distributes its products through a diverse multi-channel network including dealers, distributors and original equipment manufacturers in addition to its own e-commerce platform. The Company has partnered with several professional cycling teams and athletes to foster a community of consumers loyal to the ENVE brand and product line. ENVE was founded in 2007 and is headquartered in Ogden, Utah.

Amer is a sporting goods company with internationally recognized brands including Mavic, Louisville Slugger, Salomon, Wilson, Atomic, Arc'teryx, Suunto and Precor. Amer’s broad, well-balanced portfolio of technically advanced sports equipment, footwear and apparel covers a range of sports, with a strong presence in the United States and Europe. Amer was founded in 1950 and is headquartered in Helsinki, Finland.

---

For additional information about this transaction, please contact: