Amer Sports divests Suunto to Liesheng

Avance advises Amer Sports in the divestment of Suunto, an iconic global outdoor sports and adventure brand known for its sport watches, dive computers and precision instruments, to Liesheng, a leading Chinese technology company focusing on the smart and sport wearables electronics segment.

The closing of the transaction is subject to authority and other required approvals and fulfilment of certain commercial conditions.