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Tag: Mergers/acquisitions

IRONMAN Group sold to Advance in all-cash transaction

Family-owned investment firm Advance has entered into a ‘definitive stock purchase agreement with Wanda Sports Group to acquire The IRONMAN Group in an all-cash...

Rouleur acquired by investor Matteo Cassina

Premium cycling media operation Rouleur has reportedly been acquired by Matteo Cassina – an investor and former banker. Cassina is the owner of premium...

Another PTO open letter to IRONMAN seeking discussions on acquisition

The Professional Triathletes Organisation (PTO) has released another open letter in its seemingly one-sided dialogue with Wanda Sports – owner of IRONMAN. In recent months,...

Bloomberg reports that Wanda Sports considering US$1 billion sale of IRONMAN

According to a report in Bloomberg, Wanda Sports group is considering a sale of IRONMAN. Bloomberg added that ‘Wanda Sports is seeking to fetch...

Spartan acquires Tough Mudder UK

Spartan has acquired the business and assets of OCR brand Tough Mudder UK, which had entered administration in the UK at the end of...
Pioneer Dual Leg Power Meter - Ultegra R8000

Pioneer sells cycle sports business to Shimano

Cycling power meter specialist Pioneer has signed an agreement to transfer its cycle sports business to Shimano. ‘Through this agreement, Pioneer will transfer the...

PTO renews interest in acquiring IRONMAN

The Professional Triathletes Organisation has today released the following letter, set out below. This was sent to the Board of Directors of Wanda Sports...

Infront continues AI tech drive with Videocites investment

Infront, a Wanda Sports Group company, has acquired a stake in Videocites, an AI-based video tracking and analytics company. Infront will look to introduce...

3T confirms sale of THM Carbones to Schmolke Carbon

Effective from January 1, 2020 Schmolke Carbon is taking over THM Carbones from 3T Cycling. A release from 3T noted that.. ‘Schmolke and THM are...

Full merger of Spartan Race and Tough Mudder in the pipeline

Spartan Race has announced the acquisition of an exclusive option to acquire Tough Mudder’s UK, Canadian and German events. This move is seen as...