On November 1st, ABEO announces the acquisition of the entire share capital of FUN SPOT Manufacturing LLC, a company based in Georgia, USA, with a strong position in the Sportainment (activities combining sport and entertainment) sector.
Founded over 40 years ago, FUN SPOT, vertically integrated, specialises in the design and manufacture and distribution of equipment for amusement parks and particularly trampoline parks: trampolines, Ninja courses, climbing walls and boulders. FUN SPOT employs around 150 people and has a strong industrial base comprising 2 production units and a design department based in India, staffed by 48 expert designers who combine their artistic flair with state-of-the-art manufacturing processes. With over 460 parks designed worldwide for a diversified customer base of franchisees and independent owners, FUN SPOT is a leading player in the Sportainment sector.
For the current financial year, FUN SPOT expects to achieve revenue growth and post revenue of between USD 40-50 million with an EBITDA margin of over 20%.
On February 21st, ABEO announces the acquisition of the entire share capital of Bosan NV, a company specialized in the manufacture and sale of sports equipment.
A family business based in the Netherlands, Bosan NV has 75 employees and in 2017 generated annual revenue of around €11M with an EBITDA margin of 12%. Primarily focused on the development, manufacture and sale of innovative sports equipment and facilities, the company has its own production unit with an industrial and logistics area of 8,500m2, a subsidiary in Belgium and a sales network for the Benelux region.
ABEO announces the completion of its acquisition of an 80% stake in Shandong Kangnas Sports Co., Ltd., a Chinese company specialising in the production and distribution of competitive sports and leisure equipment.
Founded in 2012, the company has 130 employees and at 31 July 2017 had generated 7-month revenue of 38 million RMB, equivalent to around 5M€.
Based in Dezhou (in the Shandong province, close to Beijing), Shandong Kangnas Sports has become a leading player in the sports industry. The company has its own production unit with an industrial and logistics area of almost 14,000m2, offices in Beijing and a nationwide distribution network. It is the exclusive distributor of ABEO brands in China, including: SCHELDE SPORTS, SPIETH GYMNASTICS and JANSSEN-FRITSEN.
On October 10, 2017, ABEO announced the signature of an acquisition agreement, subject to conditions precedent, of 100% of the share capital of META Trennwandanlagen GmbH & Co. KG. This acquisition was finalized on November 3, 2017.
Located in the south of Cologne in Germany, META has 84 employees, is No. 2 on the German market and has a network of 40 agents.
Acquisition of an 80% majority share in sports facility maintenance specialist SPORTSAFE UK. Created 19 years ago, SPORTSAFE UK employs some 90 people and works with clients at more than 15,000 sites.
ABEO announces an increase of its share in the company CLIP N’ CLIMB International to 70% compared with 50% previously. With headquarters in New Zealand and 18 employees, CLIP’N CLIMB develops innovative and fun climbing modules.
On November 17th 2016, ABEO acquires a 60% share in ERHARD SPORT. Based in the Berlin area, ERHARD SPORT GmbH employs nine people and has a current turnover of about €1.5 million from fitting out specialized sports halls.
On October 11th, 2016, ABEO goes public and raises €22.2 million to bolster its international development strategy.
In August 2016, ABEO participates to the Olympic Games in Rio. GYMNOVA, SPIETH GYMMASTICS and SCHELDE SPORTS are selected as part of a consortium designated as official suppliers to the Rio 2016 Olympic Games for Artistic and Rhythmic Gymnastics and Basketball equipment. ACMAN supplies the podiums, as it did in London in 2012.
Takeover of SANITEC assets to strengthen ABEO's Locker Rooms Division as a subsidiary of FRANCE EQUIPEMENT.
The acquisition of a 50% capital share in CLIP N' CLIMB, a company with 20 employees based in Christchurch, New Zealand. This company invented an innovative and fun climbing concept made up of standard modules. The concept has been a remarkable success worldwide and ideally complements the offer of ENTRE-PRISES.
JANSSEN-FRITSEN Group joins ABEO. Of Dutch origin, its Head Office is in Helmond near Eindhoven, and has offices in Belgium and Germany. Founded in 1950, it is one of the global leaders in gymnastics equipment and, more generally, sports equipment.
It has around 200 employees in Benelux and Germany, with a turnover of €45 million. This step represents a major milestone in ABEO's development and considerably strengthens its potential on international markets.
ABEO acquires TOP 30, a Spanish group specialising in climbing walls and associated services ; SPIETH-ANDERSON, leader in Canada and n° 2 in the USA in gymnastics equipment ; PROSPEC in the United Kingdom, one of the leaders in cubicles and locker rooms on the British market (PROSPEC is also present in the USA with a subsidiary in Missouri) ; NAVIC, a major player in France in the swimming pool locker rooms equipment field. It also equips winter sport resorts.
GYMNOVA is designated the official and sole supplier for the London 2012 Olympics along with O'JUMP (for wrestling mats) and ACMAN (for podiums).
CM-CIC Investment acquires a stake in ABEO.
ABEO buys out the companies which manufacture and distribute its products in the United Kingdom (ENTRE-PRISES and GYMNOVA) and in Germany (ENTRE-PRISES Germany). It also buys out the sports and play area equipment distributor PVC, and acquires GYMNOVA Switzerland and ENTRE-PRISES USA.
Acquisition of the ISD Group, which includes the GYMNOVA and ENTRE-PRISES brands as part of its offering and is one of the European leaders in sports equipment for local public authorities and associations.
On this occasion, the ABEO Holding Company is incorporated.
Olivier ESTEVES joins the company as sales director. He takes over from his father in 1992 as CEO and steers FRANCE EQUIPEMENT towards ‘locker rooms' activities. In 2000, the company's headquarters are set up in new offices in Rioz and gather three companies under the same roof : FRANCE EQUIPEMENT, ACMAN (acquired by FRANCE EQUIPEMENT in 1984) and SUFFIXE (acquired in 1998).
Created in 1955 and managed by Bernard ESTEVES (father of the current CEO, Olivier ESTEVES), FRANCE EQUIPEMENT undergoes an employee buyout. At this point, FRANCE EQUIPEMENT is a general distributor of equipment for local public authorities (sports equipment, locker rooms, signage, play area facilities in parks …).