Updated 2016-03-04 07:25. Published 2016-03-04 05:16
Samsonite is the world largest märkesresväsektillverkare and Views now on to take market share in the premium segment by buying up competing Tumi. The cash offer is a total of SEK 15.4 billion, which is equivalent to 228.2 per share. The bid premium is thus at 33 percent compared with Tumis closing price on Wednesday, Bloomberg reported.
“We always wanted Tumi in our portfolio. Luxury segment was impacted by tightening measures in China, but it does not take away the whole Tumis potential and there are great opportunities there. Their growth has been in line with our and the industry, “said Ramesh Tainwala, president of Samsonite to Bloomberg.
The news was received with cheerful faces of the market and the listed Hong Kong Samsoniteaktien step with most 6.3 percent on Friday before falling back to a rise of 2.3 percent.
the purchase of Tumi strengthens Samsonite’s market position and the company’s ninth acquisition since 2012. the company aims to achieve sales of $ 40 billion in 2020. an increase of 100 percent from sales in 2014, when the target was set.
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