Swiss Sports Technology Companies Plan Merger
Published
The companies EvoNext Holdings SA and Ascend Sport Technology AG have signed a merger agreement. The two firms intend to combine. The merger still requires approval from the general meetings of both companies.
The planned merger is expected to create a new, publicly listed sports technology company based in Switzerland. The merger will be carried out as a so-called statutory merger, in which one company legally passes into the other or both become a new company. Further details on the timeline and the future structure of the company were not known at the time of the report.
The news shows that Swiss sports technology firms want to continue growing. For investors and employees, the decision of the general meetings is the next important step. Until then, the agreement remains subject to the approval of both companies.
Sources: boerse.de
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