(MENAFN) Bahrain-based Investcorp said it has acquired sports equipment manufacturer POC for USD65 million from its US based parent Black Diamond, the alternative investment firm said.
Sweden-based POC makes gear for skiing and cycling. The acquisition comes almost a year after Investcorp bought motorcycling protection gear maker Dainese.
"There are synergies between the two businesses that will be explored in the future," the Bahraini company said in a posted statement.
Investcorp's acquisitions this year include United States school provider Nobel Learning, a portfolio of residential properties for around USD300 million and a majority stake in a Turkish vehicle tracking system.
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