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Share Name | Share Symbol | Market | Type |
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Amp China Ord/Units (delisted) | ASX:AGF | Australian Stock Exchange | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
RNS Number:2332S Amer Group PLC 19 November 2003 19 November 2003 Amer Group Plc AMER GROUP'S TEAM SPORTS DIVISION ACQUIRES ATEC INC The Team Sports division (Wilson Team Sports) of Amer Group Plc is expanding its operations by acquiring Athletic Training Equipment Company Inc. (ATEC), a leading manufacturer of pitching machines for baseball and softball, from Sport Supply Group Inc. Consideration for the acquisition is USD 10.5 million. ATEC manufactures pitching machines and training equipment for baseball and softball and thus supports Team Sports' strong market positions in these sports. ATEC's annual sales are approximately USD 11 million and the company is highly profitable. The company employs 40 people and is located in Sparks, Nevada. AMER GROUP PLC Communications Paivi Antola Communications Manager Tel. +358 9 7257 8306, e-mail: firstname.lastname@amersports.com www.amersports.com Further information: Mr Max Alfthan, Vice President, Communications, tel. +358 9 7257 8216 www.atecsports.com AMER GROUP PLC Amer Group is one of the world's leading sports equipment companies with its internationally recognised brands Wilson, Atomic, Suunto and Precor. All Amer Sports companies develop and manufacture technically advanced products that improve the performance of active sports participants. The Group's business is balanced by its broad portfolio of sports and presence in all major markets. In 2002 Amer Group made an operating profit of EUR 103.0 million on net sales of EUR 1,101.9 million. Earnings per share were EUR 2.95. At the end of 2002 the Company had 3,939 employees. This information is provided by RNS The company news service from the London Stock Exchange END ACQKKLBFXFBFFBX
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