Fenix Outdoor completed the acquisition of 65% stake in Devold of Norway from Flakk Group for €35m.

Fenix Outdoor completed the acquisition of 65% stake in Devold of Norway from Flakk Group for €35m. “Fenix Outdoor is a perfect match for Devold, with its global position, premium outdoor brands and retail network renowned for its service and professionalism towards quality-conscious customers. Their commitment to sustainability and enabling unforgettable moments in nature aligns with Devold’s core values and our uncompromising focus on quality, comfort and innovative technical solutions,” Øystein Vikingsen Fauske, Devold CEO.