The Schwan-Stabilo group, which acquired Deuter Sport GmbH & Co. K in 2006, has acquired Ortovox Sportartikel GmbH, a maker of avalanche safety products and manufacturer of expert-designed winter backpacks and functional sports clothing made from Merino wool. The deal closed July 1.
Ortovox s success story began in 1980 with the introduction of the revolutionary F2 avalanche transceiver. Since then, Ortovox has been at the forefront of developments and is the market leader for avalanche safety technology and products. In recent years, the backpack business stream has quickly expanded with unmistakable designs and attention to detail for the end-user. Major achievements have been made in the area of functional clothing. Ortovox uses fine Merino wool for every layer of apparel, offering a clothing system that is unique, functional and beautiful.
Schwan-Stabilo group reported sales for the 2009/10 financial year reach nearly $500 million. Globally, the company employed a staff of 3,879, of which 1,645 were based in Germany.
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