Arc 'Teryx Parent Company To Acquire Sports Tracker

Arc 'teryx parent acquisition sports tracking software Sports Tracker.

The Finland outdoor group Amer Sports, which owns many famous outdoor brands such as Salomon, Arc'teryx, Mavic, Suunto and so on, seems to have a lot of moves recently. Recently, after the acquisition of Louisville Slugger, the famous American baseball brand, just recently, a new deal was launched by Amer Sports.

After the completion of the acquisition, Sports Tracker will become part of the Amer Sports digital ecosystem, which includes terminal devices, smart sensors, Preva network connections, Movescount and other services, as well as brand websites and e-commerce.

The acquisition will further strengthen the Amer sports digital platform effect and promote the development of connected equipment sales and e-commerce.

Amer said that the Sports Tracker motion tracker has powerful technology platform and function, and its recognized digital services can be used worldwide.

The agreement is customary and is expected to be completed by the end of June 2015.

The acquisition will not have a substantial impact on the business of Amer Sports2015.

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The strong performance of Amer Sports has been excellent in the first 2015 quarter of last year. Net sales increased by 5 percentage points to 575 million 900 thousand euros (650 million US dollars) in the first quarter of the year.

Last week, Amer group completed the acquisition of professional baseball brand Louisville Slugger.

In local currency terms, net sales rose 5 percentage points to 575 million 900 thousand euros ($650 million) over the past year, due to strong performance in clothing and footwear products.

Gross profit margin increased from 44.3% in the same period last year to 45.9%.

Pre tax profit (excluding non recurrent items) increased from 20 million 600 thousand euros in the same period last year to 33 million 600 thousand euros.

Earnings per share (excluding non recurrent items) amounted to 0.16 euros, compared with 0.07 euros in the same period last year.

Net cash flow after investment activities was 43 million euros, 44 million 200 thousand euros in the same period last year.

In March of this year, Amer group announced the acquisition of Louisville Slugger, the famous baseball product brand of the United States, which was completed in April 22nd and has no effect on the first quarter revenue.