In line with its 2020 strategic plan, ABEO, a designer of sports and leisure equipment, today announces its acquisition of a 60% majority stake in Erhard Sport together with the company's management team. Via a recognised domestic brand, this transaction gives ABEO access to Germany's entire sports equipment market, in which ABEO has hitherto held a limited foothold.

Based in the Berlin region, Erhard Sport GmbH has 9 employees and currently posts revenue of around €1.5 million per year, mainly generated from designing specialised sports centres. As a result of its takeover in 2015 by two former executives, Frank and Mario Janzen, the company also acquired the Erhard Sport brand, a long-standing household name in Germany, founded in 1880 and a pioneer in the sports equipment market.