Today we report some more business movement in the helmet space, as the French brand Shark has acquired the Italian brand Nolan.
The transaction actually involves the two brands parent companies, 2Ride Holding Group (Shark, Bering, Ségura, Bagster, and Cairn) and the Nolan Group (Nolan , Grex, and X-lite helmets), with the French business unit buying its Italian counterpart.
The acquisition sets up a strong European house of brands in the motorcycle industry, which should be positioned well to compete against other players like Alpinestars and Dainese/AGV with head-to-toe protection.