Monte Rosa Sports, owned by Hugo Maurstad and Christian Casal, completed the acquisition of ODLO International, a Swiss-based apparel specialist, from Herkules Capital. Financial terms were not disclosed. "We are proud to see, that even in the current challenging business environment, the underlying strong momentum of the ODLO brand has been appreciated by our new owners. We warmly welcome Monte Rosa to the ODLO team and onto our quest – more relevant than ever – to inspire consumers to an active life in the outdoors," Knut Are Høgberg, ODLO International CEO.