Anta Sports (02020) plans to acquire JACK WOLFSKIN business

Zhitong Finance App News, Anta Sports (02020) announced that the company's subsidiary (Anta) entered into a trading agreement with Topgolf Callaway Brands Corp. (Topgolf) on April 10, 2025 relating to the sale of Callaway Germany Holdco GmbH (target company) equity interests.

According to the sale agreement, Topgolf conditionally agreed to sell, and Anta conditionally agreed to purchase 100% of the target company's share capital interests. The basic consideration was USD 290 million in cash, plus adjustments to net working capital and other customary adjustments. The acquisition is expected to close at the end of the second or early third quarter of 2025, subject to other customary delivery conditions, including but not limited to obtaining approval from relevant regulators. After the completion of this acquisition, the target company (together with its subsidiaries collectively referred to as the “Target Group”) will become an indirect wholly-owned subsidiary of the Company.

The target company was incorporated in Idstein, Germany, and operates the “Jack Wolfskin” business, one of the world's leading outdoor apparel, footwear and equipment specialty brands in target markets around the world. Jack Wolfskin creates professional outdoor products for active outdoor and urban outdoor customers. Application scenarios include hiking, cycling, skiing and camping. Adhering to German engineering, technology and design, its products are famous for their excellent functionality, excellent quality and outstanding innovation. Jack Wolfskin is supported by a full range of advanced and sustainable technologies, including the market-recognized Texapore range of materials. Adhering to the concept of “allowing everyone to participate in the outdoor experience through endless exploration”, Jack Wolfskin continues to provide innovative and sustainable solutions for outdoor footwear and equipment to help users expand and deepen their outdoor experience.

The acquisition is in line with the Group's strategy of “single focus, multiple brands and globalization”, and the group will further strengthen and expand the outdoor sports sector through this acquisition. The addition of the brand completes the Group's existing brand matrix, extends the Group's outdoor product line from high-end to the mass market, and provides diverse product solutions for a wider range of outdoor activity scenarios. The Group will also benefit from Jack Wolfskin's unique material technology and the rich experience of the German engineering design team, thereby further enhancing its competitiveness in the field of outdoor sports. Furthermore, as one of the world's leading professional brands in the field of outdoor footwear and equipment, Jack Wolfskin has a strong influence in the European market (especially Germany), and integrating Jack Wolfskin will be another important step in the Group's globalization strategy.

By integrating the respective strengths of the Group and Jack Wolfskin, it is expected that synergy effects in the supply chain, product development, and retail operations will be realized after the completion of this acquisition. In this regard, the Group will develop a more specific implementation plan after the acquisition is completed.