(MENAFN) Investcorp, the Bahrain's company has bought sports equipment manufacturer POP for USD65 million from its US based parent Black Diamond, as the recently released reports showed.
The purchase comes a year after Investcorp bought motorcycling protection gear maker Dainese, not to mention acquiring United States school provider Nobel Learning for USD300 million.
Sweden-based POP makes gear for skiing and cycling, and as Investcorp announced in a statement; "There are synergies between the two businesses that will be explored in the future."
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