Scott Sports S.A. - a global multisport company based in Givisiez with cycling as its main pillar - and the Tecnica Group S.p.A - a leading sports footwear and equipment company from Giavera del Montello, Italy - have signed a preliminary agreement to acquire the Dolomite Group.

The Italian outdoor company Dolomite was founded in 1897 and originally made a name for itself with mountaineering boots. The Technica Group, which acquired Dolomite in 1998, positioned the company in the functional sportswear sector and ensured sustainable growth. According to a statement from Scott, Dolomite has multiplied its sales over the last five years and expanded its dealer network to over 1,500 points of sale. For 2015, the company expects sales of 18 million euros, 60 percent of which will be generated abroad.

Strategic acquisitions, more expertise for Scott in the footwear business

The acquisition of Dolomite is part of Scott's strategy to further develop established companies with above-average potential and a strong international reputation. The acquisition is an investment in the great potential of Dolomite, whose know-how and expertise will also complement Scott's footwear expertise.

Beat Zaugg, CEO of Scott: "I am very happy about the future cooperation with Dolomite, which came about thanks to the help of Alberto and Giancarlo Zanatta. Both have placed a lot of trust in Scott and are convinced that we will continue to develop Dolomite and take it forward internationally without losing the roots and identity of the traditional company."
"We share Scott's vision of the future role and potential of the company. Keeping the team and headquarters in Montebelluna guarantees continuity and quality," says Marco Zaja, Director of the Dolomite Business Unit.

Alberto Zanatta, Chairman of the Tecnica Group, says: "We are proud to have launched and established Dolomite and to have created the best conditions for Dolomite to realize its enormous potential. We are confident that Scott will continue on its chosen path, building on the great work done to date and providing continuity for further growth."

Scott is more broadly based

Scott Sports SA had sold shares in two tranches and since the beginning of 2015 50.01% of the shares have been owned by the South Korean company Youngone Corp. Scott CEO Zaugg already described in the interview with Ride in April 2015 how the transfer of the majority of shares to Youngone is linked to the fact that the Scott company has a broader financial base and can "concentrate on further market development". This has now been achieved with the takeover of Bergamont, the majority shareholding in Transa and the takeover of Dolomite have already been implemented several times.

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