Private equity firm KJK Management acquired Slovenia-based Elan, one of the world's leading sporting goods companies. Financial terms were not disclosed. Kustaa Äimä, the founder and senior partner at KJK, stated: "We are delighted to have closed the purchase of Elan after 9 months of work. We believe that Elan's relentless focus on its customers makes its products highly relevant to consumers, thereby making Elan highly competitive on the world stage."