Fitness Equipment Expansion
January 13 2004 - 4:15AM
UK Regulatory
RNS Number:1517U
Amer Group PLC
13 January 2004
13 January 2003
Amer Group Plc
AMER GROUP'S FITNESS EQUIPMENT BUSINESS AREA EXPANDS TO STRENGTH TRAINING
Amer Group Plc's Fitness Equipment business area, Precor Inc., is strengthening
its position as a full-line supplier of fitness equipment by acquiring Fitness
Products International (FPI), a strength product producer. Consideration for the
acquisition is USD 11.8 million. FPI's main brand is Icarian.
The fitness club market is consolidating and club chains now value full-line
fitness equipment suppliers more highly. Precor's offering is also complemented
by financing solutions for fitness clubs, as well as an established
international distribution network.
FPI's offerings include single and multi-station selectorised equipment, free
motion models and plate equipment. FPI's annual sales are approximately USD 13
million and the company is profitable. The company employs 110 people.
Precor manufactures technically advanced premium-quality fitness equipment for
the commercial and home markets, featuring aerobic exercise equipment, and
stretching and strength-training systems. Precor is the recognised global leader
in elliptical cross-trainers.
AMER GROUP PLC
Communications
Paivi Antola
Communications Manager
Tel. +358 9 7257 8306, e-mail: firstname.lastname@amersports.com
www.amersports.com
Further information:
Mr Pekka Paalanne, Senior Vice President & CFO, tel. +358 9 7257 8212
Mr Jari Melgin, Corporate Treasurer, tel. +358 9 7257 8233
www.fpifit.com
www.precor.com
AMER GROUP PLC
Amer Group is one of the world's leading sports equipment companies with its
internationally recognised brands Wilson, Atomic, Suunto and Precor. All Amer
Sports companies develop and manufacture technically advanced products that
improve the performance of active sports participants. The Group's business is
balanced by its broad portfolio of sports and presence in all major markets. In
2002 Amer Group made an operating profit of EUR 103.0 million on net sales of
EUR 1,101.9 million. Earnings per share were EUR 2.95. At the end of 2002 the
Company had 3,939 employees.
This information is provided by RNS
The company news service from the London Stock Exchange
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