Issue Date: Vol. 52, No. 7, July 2012, Posted On: 6/22/2012
Bowltech Signs Letter Of Intent To Acquire QubicaAMF; World's Largest Bowling Products Company Will Result
by Staff Reporter
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MECHANICSVILLE, VA -- Bowltech International B.V. and QubicaAMF Worldwide SarL said they have entered into a nonbinding letter of intent for Bowltech to acquire QubicaAMF for an undisclosed cash purchase price. The transaction proposal is still subject to due diligence and other conditions, including full agreement on definitive transaction documentation.
According to both companies, "the combination of Bowltech and QubicaAMF will result in the largest bowling products company in the world."
In addition to such QubicaAMF products as BES Scoring, the Conqueror Pro Management Control System and the XLi EDGE pinspotter, the combined company plans to offer leading brands of products currently sold by Bowltech to its customers in the European market.
Bowltech has partnered with a Dutch family investment office to complete the transaction.