Abéo SA completed the acquisition of 80% stake in Shandong Kangnas Sports Co., Ltd.
January 11, 2018
Share
Abéo SA (ENXTPA:ABEO) signed an agreement to acquire 80% stake in Shandong Kangnas Sports Co., Ltd. on September 27, 2017. The acquisition will be completed without debt financing. The transaction is subject to approval by the Chinese authorities and is expected to be completed by January 2018. Cabinet HPML acted as the legal to Abéo SA (ENXTPA:ABEO).
Abéo SA (ENXTPA:ABEO) completed the acquisition of 80% stake in Shandong Kangnas Sports Co., Ltd. on January 12, 2018. Shandong Kangnas Sports Co., Ltd. will be integrated into the sports division of Abéo SA. For the year ended July 31, 2017, Shandong Kangnas Sports Co., Ltd. reported revenue of €5 million (CNY 38.98 million).
ABEO SA specializes in the design, manufacture and marketing of sports and leisure equipment. The group supports its professional clients (specialized sports halls and clubs, leisure centers, education sector, local authorities, building professionals, etc.) in the implementation of their projects. ABEO SA owns a portfolio of brands that are partners of sports federations and present at major sporting events, including the Olympic Games. Net sales break down by family of products as follows:
- gymnastics, team sports and physical training equipment (54.3%): gymnastic equipment, carpets, landing mats, training and competition gear, etc. (Bosan, Cannice, Erhard Sport, Gymnova, Janssen-Fritsen, Schelde Sport, Spieth Gymnastics and Sportsafeuk brands);
- changing rooms and sanitary equipment (26.4%): toilet cubicles, lockers and cabinets, shower walls, benches and coat racks, wall cladding, etc. (France Equipement, Meta, Navic, Prospec, Sanitec and Suffixe brands);
- walls, play modules and climbing equipment (19.3%): Entre-Prises, Top 30, Dock 39 and Clip'N Climb.
At the end of March 2024, the group operated 18 production sites located in France (5), Europe (8), the United States (3), China, and Canada.
Net sales are distributed geographically as follows: France (33.3%), European Union (42.2%), Europe (11.5%), America (12.1%) and Asia (0.9%).
ABEO SA 
