Announced
Financials
Tags
Acquisition
Private
Norway
Friendly
Private Equity
fitness equipment
Domestic
Majority
Consumer Services: Other
Single Bidder
Pending
Synopsis
Salvesen & Thams, a private equity investment firm, agreed to acquire Mylna Gruppen, a fitness equipment provider in Scandinavia. Financial terms were not disclosed. "Active leisure is a megatrend. Most people train more at home, at the gym and at work, so we believe the market will continue to grow in the coming years. We will continue to invest in the Mylna Group so that the company can continue to grow and be profitable. In addition, together with our co-investors, we want to make more investments within the active leisure trend," Per Olav Monseth, S&T General Manager.
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