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Japan's Asics buys Sweden's Haglofs for $128.7 mln
July 12, 2010 / 6:53 AM / 7 years ago

Japan's Asics buys Sweden's Haglofs for $128.7 mln

TOKYO, July 12 (Reuters) - Japanese sporting goods company Asics Corp (7936.T) said on Monday that it plans to buy Swedish outdoor equipment maker Haglofs Holdings AB for 11.4 billion yen ($128.7 million) in a bid to expand its global sales.

Under the deal, Asics will purchase all of the 30,000 shares in Haglofs from Swedish investment fund Ratos AB (RATOb.ST), the Japanese firm said in a statement.

Reporting by Mariko Katsumura

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