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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:1517U Amer Group PLC 13 January 2004 13 January 2003 Amer Group Plc AMER GROUP'S FITNESS EQUIPMENT BUSINESS AREA EXPANDS TO STRENGTH TRAINING Amer Group Plc's Fitness Equipment business area, Precor Inc., is strengthening its position as a full-line supplier of fitness equipment by acquiring Fitness Products International (FPI), a strength product producer. Consideration for the acquisition is USD 11.8 million. FPI's main brand is Icarian. The fitness club market is consolidating and club chains now value full-line fitness equipment suppliers more highly. Precor's offering is also complemented by financing solutions for fitness clubs, as well as an established international distribution network. FPI's offerings include single and multi-station selectorised equipment, free motion models and plate equipment. FPI's annual sales are approximately USD 13 million and the company is profitable. The company employs 110 people. Precor manufactures technically advanced premium-quality fitness equipment for the commercial and home markets, featuring aerobic exercise equipment, and stretching and strength-training systems. Precor is the recognised global leader in elliptical cross-trainers. 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 Pekka Paalanne, Senior Vice President & CFO, tel. +358 9 7257 8212 Mr Jari Melgin, Corporate Treasurer, tel. +358 9 7257 8233 www.fpifit.com www.precor.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 MSCUOAKRSORAARR
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