Scott Continues To Expand with Dolomite Take-Over
GIVISIEZ, Switzerland – Scott Sports SA is continuing its expansion. The company owned by Korean Youngone Corp. has signed a preliminary agreement for the take-over of the Dolomite division from the Italian holding Tecnica Group SpA which is operating outdoor brands like Bladerunner, Blizzard, Lowa, Moon Boot, Nordica, Rollerblade and Tecnica.
It has been an open secret that the Tecnica Group was searching for a buyer for their in 1998 acquired Dolomite brand. Under the Tecnica roof the traditional mountaineering footwear brand was repositioned step by step to a successful functional sportswear brand. Now it is about to be sold off to Scott Sports. Financial terms of the deal were not disclosed.
According to the Tecnica Group Dolomite has multiplied its revenues and stores over the past five financial years. For 2015 revenues are forecasted to reach 18 million euro. Dolomite products are sold through a network of over 1,500 dealers. More than 60% of Dolomite’s turnover is generated abroad.
‘Developing international brands’
For Scott the Dolomite takeover is inline within the company’s, “Strategy of developing long-established brands with a strong international reputation.” The Dolomite takeover is seen as an investment in the brand’s great potential and a sign of recognition of the Montebelluna cluster’s know-how and competence. It’s also seen as a motivation for Scott’s young footwear expertise.
Conditions for success
“I’m very happy to carry through this operation, thanks to the help of Alberto and Giancarlo Zanatta who believe in Scott Sports and its ability to further develop the Dolomite brand worldwide while safeguarding the latter’s identity and origins. Scott Sports rises to this challenge with great enthusiasm and we’re convinced we have all the conditions for success,” states Scott Sports CEO Beat Zaugg.
With the Dolomite take-over the Swiss company is continuing its expansion path after in February 2015 Korean outdoor giant and Scott business partner Youngone Corp. acquired a second Scott share package. With this package Youngone owns now a 50.01% stake in Scott. One month later Scott announced to take-over the European license of US outdoor brand Outdoor Research. This company is owned by Youngone Corp through a subsidiary named Mountain Summit Holdings.
Transa Backpacking AG
Last June Scott announced the take-over of the German bike brand Bergamont from BMC Group and Bergamont founder and GM Stefan Berkes. Next to this Scott CEO and shareholder Beat Zaugg invested parts of his second share package sale to Youngone into countryman and outdoor dealer Transa Backpacking AG. The deal ran through a newly founded and Givisiez based company named International Retail Corporation SA. Today International Retail Corp (owned by Beat Zaugg) is involved as a private investor and majority shareholder in Transa. With its six chain stores and two outlets Transa is regarded as Switzerland’s leading outdoor retailer.