Manufacturer of Luggage, bags and travel accessories Samsonite International SA Tumi Holdings buys U.S. Inc., issuing excess baggage, for $1.8 billion.
As stated in the press release Samsonite, the company will pay $26,75 per share Tumi that includes a 33% premium to the value of the shares for the last closing of the market on Wednesday.
Tumi, founded in 1975, completed an IPO in 2012. The company has more than 100 of its own stores, its products are also sold in stores premium retailers.
In 2015, Tumi revenue increased 3.9% to $547,7 million, net income amounted to $63 million.
The deal will allow Samsonite to expand operations into “a very attractive segment of premium Luggage and accessories,” according to the company.
In addition, buy Tumi will provide savings on costs, particularly in logistics and marketing, noted in Samsonite.
The parties expect to close the deal in the second half of this year.
Samsonite was founded in 1910 in Denver. She is currently registered in Luxembourg, in 2011 the company completed an IPO in Hong Kong.
The company is developing its business through the purchase of assets it had previously acquired brands such as American Tourister and Lipault. In 2014, its revenues amounted to $2.4 billion.
One of the largest manufacturers of electronics under contract in the world, Jabil Circuit, together with Clothing+ (owned by Jabil from June 2015) presented Peak+ is the solution for integrating heart rate sensors in the clothes at the stage of its production, according to a press release from the company.
Peak+ was shown at the Wearable Tech Show in USA Santa Clara. The solution consists of integrated into clothing heartbeat sensor Clothing+ — “comfortable, durable and completely invisible”, as they assure in the company. It is paired with a Suunto wireless transmitter, which sends the data from the wear app on your smartphone. The latter is based on Firstbeat analysis system, which conducts detailed analysis of cardiac rhythm and provides comprehensive conclusions about the loads, recovery and training results. Jabil itself was engaged in the design and development as well as production and logistics for finished products.
Manufacturers of fitness equipment have been working on creating solutions for measuring heart rate, heart rate, body temperature, but only recently the process of production and introduction of miniature components in clothing became a reality. “Peak+ provides clients from the world of sport, fashion and health care a significant advantage for entering the emerging market of smart products,” said John Dargan, senior Vice President of Jabil.