Sherbrook SBK Sport to Acquire Global Sports Technologies
Sherbrook SBK Sport Corp. announced the signing of a letter of intent to acquire Global Sports Technologies Corporation and its patented sports technologies. The companies expect to enter into a definitive agreement on or before June 30 and close the transaction within 90 days.
SBK is a Canadian company specializing in the designing, manufacturing and distribution of sporting goods and apparels. Currently, the company focuses on designing and manufacturing hockey equipment including a variety of sticks, skates and protective gear for both players and goalie. In a press release, SBK said that it intends to acquire Global Sports Technology and its intellectual properties including but not limited to the Trilage hockey stick.
The acquisition will allow SBK to integrate Global Sports Technologies’ stick technology into its product portfolio. Both companies are expected to benefit from the acquisition which will allow them to combine Global Sports’ superior technology and SBK’s market reach. By integrating the technology into its product line, SBK will gain NHL acceptance, which will help the company expand its presence in North America.
“We are glad to be working with SBK on this transaction, our stick technology coupled with their sales and marketing reach is a great fit. The NHL acceptance will also help enhance the SBK/ Trilage brand in North American,” said President of Global Sports Technologies Corp., Mario Boscarino, in a statement.
“The stick technology made popular by former NHL left winger, Darcy Tucker, is unique, extremely performing and it is approved for the NHL. We are gaining a superior product to add to our existing offering and a great new executive and we are glad that Mr. Mario Boscarino will be joining us,” said President of Sherbrook SBK Sport Corp., Georges Guilbault, in a statement.
In March, SBK Hockey proudly announced that its R&D Partner, Hockey Robotics, successfully completed the testing for a Hockey Stick Testing Robot named the SlapShot XT at the Mechatronics Engineering design symposium at the University of Waterloo.
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Madhubanti Rudra is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.
Edited by John Lahtinen