Dongguan Liesheng to acquire Suunto from Amer Sports.

Dongguan Liesheng, a consumer electronics manufacturer, agreed to acquire Suunto, a smart watch and fitness tracker manufacturer, from Amer Sports, a manufacturer of sporting and athletic goods. Financial terms were not disclosed. "The acquisition of Suunto is an important part of our growth strategy, and we see great synergies between the two companies. As a global consumer-electronics company, Liesheng offers Suunto unique technological advantages in product development, centralized sourcing, and access to wider international markets, especially in Asia. For Liesheng, Suunto offers access to new markets and product categories, in addition to Suunto’s strong brand heritage,” Ma Hao, Liesheng Chairman.