Amer Sports Completes Peak Performance Acquisition
Amer Sports Corporation has today completed the acquisition of Peak Performance from IC Group, announced on April 30, 2018. Peak Performance business will be consolidated into Amer Sports as of July 2, 2018. The acquisition will have a minor positive impact on Amer Sports’ 2018 financial results. The purchase of Peak Performance business has been approved by the applicable regulatory authorities.
In conjunction with the acquisition, to enable faster growth and scale & synergy across the apparel brands Arc’teryx, Salomon, and Peak Performance, Amer Sports establishes a new Apparel Category structure with a dedicated leadership under an Executive Board President. Effective immediately, Mr. Jon Hoerauf, General Manager Arc’teryx, is appointed President Amer Sports Apparel Category, and member of Amer Sports Executive Board. Mr. Hoerauf will continue to report to Amer Sports President and CEO Heikki Takala.
Mr. Hoerauf has a long executive career in the apparel and outdoor industry, of which the past 6 years in Amer Sports, and past 3 years as General Manager, Arc’teryx. He is a US citizen.
“We are delighted to welcome Peak Performance to Amer Sports. With Peak Performance in the portfolio, we are now increasingly well positioned to accelerate our growth in Softgoods. To enable this acceleration and to achieve our targeted operational scale benefits across the portfolio, we are re-establishing an Apparel Category structure”, says Heikki Takala. “We are pleased to appoint a strong internal leader with an outstanding track record, Jon Hoerauf, as President for the category.”
Amer Sports (www.amersports.com) is a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc’teryx, Precor, Suunto and Mavic. 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).