# Fenix Outdoor acquires 65% stake in Devold of Norway

Fenix Outdoor International AG agreed to acquire 65% of the shares in Devold of Norway AS, a wool clothing brand for outdoor activities and protective workwear.

- Type: Acquisition
- Announced: 2025-03-04
- Where: Norway
- Status: announced
- Products: wool clothing
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Fenix Outdoor International AG](https://endata.com/companies/83282.md) (acquirer)
- [Devold of Norway AS](https://endata.com/companies/83283.md) (target)
- [Fenix Outdoor](https://endata.com/companies/83300.md) (acquirer)

## Sources

- [outdoorsportswire.com](https://www.outdoorsportswire.com/exec-fenix-outdoor-takes-majority-stake-in-devold-of-norway-wool-brand/), 2025-03-04: "Fenix Outdoor International AG... has agreed to acquire 65 percent of the shares in Devold of Norway AS."
- [oicompass.com](https://www.oicompass.com/corporate-and-manda/fenix-outdoor-acquires-majority-stake-in-devold-of-norway/113453.article), 2025-03-04: "The parent of Fjällräven, Hanwag and Tierra is strengthening its portfolio by acquiring 65% of the shares in the Norwegian wool underwear specialist."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.