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New Wave Group to Buy German Sporting Goods Company Uhlsport

MT Newswires·08/31/2026 10:50:17
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10:50 AM EDT, 08/31/2026 (MT Newswires) -- New Wave Group (NEWA-B.ST) agreed to acquire German team sports clothing and equipment manufacturer uhlsport, according to a Monday release. The deal is structured as a share sale based on closing accounts as of Sept. 30. While it is not expected to materially affect the company's earnings or cash position in the short term, the deal is set to bolster its position in the team sports segment over time. Deal closing is set for Oct. 1, subject to merger control clearance from relevant competition authorities.