India, Aug. 13 -- Samsonite Group S.A. (1910.HK, SMSOF), a travel luggage company, on Wednesday agreed to acquire BEIS, LLC., a digitally native lifestyle and travel brand, for approximately $210 million.
The acquisition will expand Samsonite Group's lifestyle portfolio and strengthen its digital capabilities.
The transaction is expected to close in the fourth quarter of 2026.
The transaction is expected to have minimal impact on profitability at closing, with potential operating efficiencies over time.
The company will acquire 85% of BEIS for $178.5 million in cash, funded through cash on hand and available borrowing capacity under its revolving credit facility.
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