News

After a great success of the new Rossignol bikes range in France and USA. Rossignol is excited to announce that Rossignol bikes will be available in most of the EU countries and UK (list on the appendix)

Only available at Rossignol.com, bikes are shipped directly to consumers at 90% assembled. Rossignol developed a specific bike box to offer the best unboxing experience possible. The only operation left for the rider is to mount the handlebar, the front wheel and setup the shock and fork. Do you have a problem on your bike? How to’s videos, FAQ’s and a customer service is here to help in each country.

The new trail and enduro range is in stock right now at Rossignol.com

NEW | The MANDATE UNO, a balance bike for kids available June 20th

Develop confidence and skills on two wheels. The Mandate UNO is a kid’s balance bike with a lightweight aluminum frame and 12-inch wheels.  Featuring an adjustable seat post and handlebars the Mandate UNO push bike can accommodate children as they grow.

MANDATE SHIFT | 150mm to explore

Shift into another dimension with the electric-assist version of the Mandate. This ultimate all-arounder is not just a bike – it’s an invitation. Discover a world where climbing has never been so fun; where “faster” and “longer” are the only words in your vocabulary. Our Horst Link suspension and aluminum frame provide effortless traction for technical climbs and a cruise, magic carpet feel on the descent.

 

HERETIC | 160mm to engage; fast as freedom unleashed

The Heretic perfectly balances hard-charging stability and playful, party lap performance. Developed with our World Enduro Factory Team riders, the Heretic stays fast on the nastiest descents while offering enhanced pedaling efficiency on climbs.

The aluminum frame and Horst Link suspension smooth out big hits to small bump chatter providing the comfort needed for long enduro stages.

MANDATE | 140mm of versitality ; the ultimate all arounder.

he Mandate is your ticket for all-mountain freedom. Built on the same platform as the Heretic, but with a shorter shock stroke, the Mandate is a mid-travel ripper that delivers fun, snappy performance. Ready to explore, the aluminum frame and a tune focused on efficiency provides a comfortable ride for extended adventures.

 

Available countries :

France, Germany, Italy, Spain ; Belgium, Netherlands, Norway, Sweden, Denmark, Finland, Czech, Croatia, Slovenia, Slovakia, Poland, Bulgaria, USA.

Antoine Maure during the presentation of his World Champion Cup

Antoine Maure during the presentation of his World Champion Cup

Young skier of 27yo, Antoine Maure became a double World Champion in adapted skiing. It is a fact that Antoine lives his passion for skiing 100% during training and competitions. But Antoine, who has been working for Rossignol Group in the Atelier Course since 2011, has turned this passion into an extraordinary professional career.

Antoine, presenting autistic disorders, has proved himself on the skis through his sporting exploits but also and above all has grown personally and professionally within the company. A true success story!

The Rossignol Group wanted to congratulate him and pay tribute to him through a ceremony where he was able to discover his World Champion Cup displayed on a pedestal in the company’s hall and signed the Wall of Fame alongside the greatest Rossignol athletes.

There followed a moment of convivial exchange with his colleagues from the Atelier Course, some members of his family, the direction and the federation of Adapted Sport.

Medals and honours :

  • World champion in alpine combined in 2011
  • World champion in slalom in 2016
  • 13 podiums at the world championships
  • 7 times European champion
  • 16 French Champion titles

Following a challenging 2020-21 winter season, the Rossignol Group is recording a strong rebound for winter 2022 with 28% growth in activity across its portfolio of brands. Currently celebrating its 115-year anniversary, and strong Racing results, the French group aims to build upon this momentum and accelerate its transformation with further commitments toward sustainable development, eco-conscious design, product life-cycle and recycling solutions. Rossignol will launch its first highly recyclable ski in Fall 2022. With the goal of developing one third of its ski ranges through a sustainable & circular economy approach by 2028.

With a solid rebound in 2022, Rossignol anticipates a 2022-23 season with a strong potential

Following the unprecedented 2020-21 winter season wherein ski lifts closed across France and most of Europe, the Rossignol Group took full advantage of the strong market recovery and sustained consumer demand for outdoor products in 2022. The Group is experiencing growth across all markets and distribution (+24% in North America, record year, +30% in Europe and +15% in Asia) with strong growth in winter sports equipment (+29%).

Despite an uncertain geopolitical context and inflation-related pressures, the 2022 – 2023 season promises to be very strong, continuing from the rebound of winter 2022.

The dynamic market environment is also supported by incredible results in Beijing with a total of 77 podiums and 25 victories, highlighting the Group’s unwavering commitment to innovation and racing DNA.

Accelerating the transformation of the Rossignol Group

Boosted by this positive outlook, the Rossignol Group plans to accelerate the transformation of its business model to incorporate the far-reaching changes throughout the winter sports and outdoor market. The Group’s approach now encompasses all four seasons, supporting active outdoor enthusiasts and the mountain lifestyle 365 days a year. Focusing on its mountain sport and lifestyle brands, the Group is diversifying its offer to deliver multi-season and multi-activity experiences to end consumers around the world.

Representing the embodiment of the mountain lifestyle and ethos, the Rossignol brand has also experienced strong growth across its Apparel and Footwear ranges for 2021-22 (over 40% increase). Apparel and Footwear categories currently represent 22% of the brand’s global annual turnover (40% in France).

Accelerating the brand’s four-season diversification is the recent launch of the Rossignol mountain bike collection earlier this month and the summer roll-out of its Escaper outdoor story.

We are pleased to have come out the other end of this challenging period, and to know that our strategy is working. This is a reward for the teams who commit fully and with passion each and every day to keep the Group evolving toward a more sustainable world. With this is mind, and with a view to bringing more meaning to our future actions and guiding the development of our activities, we have defined the raison d’être of the Rossignol Group: “Carve movements of sustainability and human potential’’. The challenges are significant. We are working towards initiating these movements and we will be launching both environmental and social initiatives,” states Vincent Wauters, CEO of the Rossignol Group.

The Rossignol Group announced its RESPECT program in 2020, a wide-reaching CSR initiative with targets to reduce its carbon footprint by 30% by 2030, and its industrial waste by 40% by 2025. Under the leadership of Vincent Wauters, CEO since February 2021, the Group aims to strengthen its environmental and social commitments and place them at the heart of major strategic directions going forward.

Sustainable development: eco-design, improved recyclability and shortened supply chains

The first Rossignol ski with high potential for recyclability, produced in France

Moving forward the Group aims to offer more products designed with simplicity in mind to offer greater potential for recyclability at end of the product life cycle. Highlighting this directive is the introduction of the all-new Rossignol Essential ski, designed to be easily recycled. Available in limited quantities in France in October ’22, the Essential was developed using the simplest and fewest amount of raw materials : Eco-design incorporating 62% recycled, bio-based and labelled natural materials. Thanks to its exclusive manufacturing process this ski will deliver ultimate recyclability of more than 75%. This is a saving of around 10 times more than our classic ski design.

On the picture: Vincent Wauters

New recyclability solutions

To address the current stakes with recycling skis and its responsibility to that end, the Group has entered into a partnership with MTB. A leading player in recycling, MTB has developed a new process that enables improved recycling of conventional modern ski constructions, as well as and especially Rossignol’s new Essential ski. As part of a co-development approach, we designed the Essential ski in synergy and synchronisation with the development of this new recycling process by MTB.

The process of destroying, material separation, and re-use aims to re-use as much of the material as possible and contribute to a circular economy and product life cycle. Materials could be repurposed in the automotive, garden, or construction industries, and in the future partially re-used in new Rossignol Group products. Designed by MTB, the Recycling Box is an innovative new tool for recycling skis, boots, and poles and will be operational in 2023.

Jean Philippe Fusier , MTB Recycling’s CEO and Vincent Wauters, Groupe Rossignol’s CEO.

Located in the heart of the Chamonix valley at the foot of the Mont Blanc, the Group’s industrial site in Sallanches will play a central role in this approach. The Group aims to make its Sallanches site the world’s first recyclable skis factory and a major repair center with the aim of extending the life span of its products. With a continued focus on a short supply chain, the site will house a complete cycle of production and repair, with recycling operations close to the factory.

Globally, the Group boasts a short supply chain model that’s unique to the market via modernised manufacturing and logistics centered in France, Spain, and Italy with close proximity to major European mountain sports hubs. Each factory is ISO 14001 certified and operate on renewable green energy (incl Sallanches from Jan 2023).

By 2028, the Group plans to have one third of their ski ranges made implementing a circular economy and sustainable approach (increasing use of recycled materials, higher recyclability rate, products that have a lower impact throughout their life cycle…). Other products (boots, poles, clothing) will be also designed in the same spirit of simplicity and recyclability.

The Group intends for other operators in the market to take advantage and access the technical recycling solutions developed by their teams and will continue to look for synergies with other potential partners and/or initiatives at all stages of the product life cycle.

“We are assuming our responsibility in the face of the immense challenges of preserving the environment. For example, I am personally involved in the “Convention des Entreprises pour le Climat”, the French business convention finding solutions for climate change issues. We are also moving forwards by building partnerships, currently with MTB and with others to come, in relation to managing product end-of-life. This feeds into our ethical ambition to promote sustainable development, inclusivity and the benefits of the mountains for all, through the support of associations such as Sport dans la Ville and the Share Winter Foundation,” says Vincent Wauters, CEO of Rossignol Group.

As part of the Respect program, Rossignol and the ESF are working with Reforest’Action to offer all participants of the SkiOpen Coq d’or 2022 a tree to be planted in a local planting project in Chirens, Isere, France.

This project is located on the western foothills of the Chartreuse. A clear cut had been carried out in the 2000s leaving the forest cut down. This wasteland was acquired by a forestry group in 2018 to be maintained.

It includes mostly pioneer species such as willow and aspen (which are tree species), but also other minority species that we must preserve.

The goal is therefore to promote a mix of varied and local species to increase the resilience of the forest to climate change and improve the biodiversity of the place.

This project, which aims to last for the next 5 years, is part of a societal and environmental responsibility approach, and will have the mission to reforest an entire French forest.

We are proud to give a boost while sending a strong message to young runners and future generations: to preserve nature and their playground.

WHO IS REFOREST’ACTION?

Reforest’Action is a French company fighting to preserve and restore forests by leading reforestation projects in France and around the world.

Rossignol is already a partner of  Reforest’Action since 2020 and wishes to extend this partnership by proposing to historical partners like ESF to share this mission.

Because a small action is worth a thousand!

New consumer-direct collection includes Enduro, Trail, E-bike and high-end platforms for kids.

Park City, Utah – March 1, 2022 – Rossignol, the iconic mountain sport and lifestyle brand, is excited to announce the launch of its new mountain bike collection for 2022. Now available for purchase in the U.S. via rossignol.com, the all-new range includes 12 new models across four distinct platforms including enduro, trail, and e-bikes, as well as full suspension children’s mtn bike models.

Throughout the brand’s 115-year history, Rossignol has proven itself as an innovation leader in mountain sports equipment. This latest chapter solidifies the brand’s aspiration to provide active outdoor enthusiasts with rich experiences and Another Best Day in the mountains on a year-round basis.

As an integral part of Rossignol’s strategic development, the bike division is led by a dedicated group of bike industry professionals including: Albert Baques, Rossignol bike business unit director; Esteban Deronzier, Rossignol bike product manager; and Jean Meybeck, the division’s global brand manager. Each brings years of professional and competitive bike experience to the brand, ensuring the passion, innovation, and attention to detail inherent to Rossignol remains intact.

True to Rossignol’s racing DNA, the brand enters the sport through competition and the creation of the Rossignol Factory Team. Integral in providing development feedback, Rossignol’s team riders provided the final test in the most demanding environments before the new 2022 Rossignol bike collection could be launched to riders across the globe:

The Heretic is the Rossignol’s flagship 29” enduro bike. Featuring 160mm of travel and  , this is the bike that has been turning heads on the 2021 EWS circuit under the pilotage of Factory Team riders Clement and Estelle Charles and proved Rossignol bikes are ready to compete on the world stage.

The Mandate is Rossignol’s 140mm travel trail bike. Also available in  , the Mandate features 27.5” wheels on the XS-S sizes before stepping up to the 29” wheel on M-XL sizes.

The Mandate Shift is the brand’s electric-assist (e-bike) version of the Mandate trail bike. Featuring 145mm travel and Shimano Steps motors, both the brand new EP800 and stalwart E7000 based on the model, the Shift is also available in  options and price points.

The Mandate JR opens high-end mountain bike performance up to the smallest of riders with two travel ranges and wheel sizes; a 120mm/24” wheel version and an 80mm/ 20” wheel model as well as a dirt worthy kick bike Mandate Uno for the smallest new ripper.

Each model in the collection features a high quality 6061 series aluminum frame. The best solution in terms of durability and reliability, 6061 series aluminum also delivers on the competitive-level performance required on the EWS circuit while being easier to recycle and having less CO² impact than other materials on the market. The latter two features an important consideration in light of the ongoing eco-conscious efforts linked to the Rossignol Group’s Respect program.

 

Available for purchase through Rossignol.com and shipped direct to home, each bike comes pre-assembled in the box with tools and simple instructions that will have riders out on the trails within 20-min. Visit www.rossignol.com to learn more.

Group Rossignol will refocus its Bike activities and offer on the Rossignol brand and its line of performance mountain and e-mountain bikes. This move supports the Rossignol Group’s ambition to develop mountain sports & lifestyle and the 365-day-a-year enjoyment that inspires the mountain lifestyle and ethos.

The PIERER Mobility Group, Europe’s leading manufacturer of “powered two-wheelers”, acquires Felt Bicycles from the Rossignol Group.  With a focus on performance, speed, racing, road, this is a great fit for Felt and an inspiring next step for the brand.

This cession of FELT and the refocusing of our bike activities under the Rossignol brand is consistent with our strategic direction aimed at providing the most inspiring solutions for multi active mountain users. We will thus strengthen our position as an all season brand inspired by the mountain and the richness of its alpine culture.

It is with tremendous enthusiasm and ambition that we enter this new chapter. Biking remains a strategic pillar for the Rossignol group; we will now concentrate all resources, efforts, and core activities on the Rossignol Bike brand. Our teams are unified by the exciting perspective of the future launch of the new Rossignol mountain bike range.

Felt Bicycles has provided since 2017 the Rossignol Group a strategic entry into the world of cycling. As the Group embarks on this new Rossignol-centric strategy, it will capitalize on its bike industry competence, new dedicated team and organization to expand into a fast growing global market.

“We wish the Felt brand, the team, and the new operations under the PIERER Mobility Group much success in the future. Rossignol is now perfectly positioned to become the year-round mountain brand. Cycling, particularly riding in the mountains, has grown dramatically and promises a strong future.  With the addition of mountain and e-mountain bikes to the brand portfolio, Rossignol provides outdoor enthusiasts with the full assortment of equipment, gear, and softgoods they need for their particular sport and active mountain lifestyle throughout the year.”, said Vincent Wauters, CEO of Rossignol Group.

Vincent Wauters, CEO of the Rossignol Group, will become part of a select group of 150 company directors (SMEs and large organizations) who have pledged their support to France’s Corporate initiative on Climate Change, the Climate Enterprise Convention. This forum draws its inspiration from the Citizens’ Convention on Climate Change roundtable and is focused on giving the business world a central role in driving the ecological transition agenda forward

Building on the example of the Citizens’ Convention on Climate Change, the  Climate Enterprise Convention (Convention des Entreprises pour le Climat) is a focus group of 150 french CEOs who have sworn to lead a number of work sessions involving outside experts between July 2021 and March 2022 as they brainstorm and channel their efforts on creating a platform of game-changing resolutions and propositions that will also aim to garner support from political circles.

The aim is to forge an ambitious set of credible initiatives that will support  its corporate members with their roadmap and efforts to reduce CO2 emissions, but also help them put biodiversity back on the road to regeneration while sending out a clear signal of their determination to re-engineer their business models by harnessing the collective intelligence from across their sector.

The mountains have never been more exposed to the fallout from climate change. The Rossignol Group‘s status as a leading force in the winter sports and mountain equipment market elicits a special sense of responsibility when it comes to protecting nature and the mountains.

« As a citizen, father and CEO, I feel responsible for helping both society and industry tackle the urgent global warming issues facing today’s world. The Climate Enterprise Convention heralds a tremendous opportunity to stand united, push back the boundaries and bring even greater ambitions to the  »RESPECT » program led by the Rossignol Group’s employees, » explained Vincent Wauters when he joined this initiative on behalf of the Rossignol Group.

These ambitious CSR goals will now fuel the Rossignol Group‘s strategy to continue developing an eco-friendly array of sports activities.

The decision to sign up for this Corporate Convention platform strikes a chord with the RESPECT program (in its environmental responsibility component) that the Rossignol Group launched in 2020. Designing environmentally friendly products will form the backbone of the Rossignol Group’s product policy. These commitments will ultimately help maximize sales of more eco-designed products that are manufactured at ISO 14001-certified sites and which reflect the Group’s investments to massively curb the amount of waste generated. The company is already taking a critical look at the life cycle of its leading products to gain a clearer insight into the innovations required to improve their eco-design credentials.

The Rossignol Group is also a member of the Fashion Pact and the United Nations Global Compact to promote CSR performance. Our commitment has already culminated in various initiatives worldwide, among them for instance an initiative to plant 35,000 trees in Tanzania with Reforest’Action, or the active support we bring to the Protect Our Winters environmental association.

https://en.cec-impact.org/

 

On the threshold of what promises to be a thrilling Olympic season, Rossignol Group announces contract renewals with Petra Vlhova (2024), Katharina Liensberger (2024) and Federica Brignone (2023).

Petra Vlhova finished the season with the top prize, the big crystal globe in the World Cup overall ranking. And with two World Cup medals in Cortina, silvers in the Slalom and Combined, the Slovak skier will be a serious contender to retain her title next season. She will be equipped with skis, boots, helmet and goggles by Rossignol and bindings by Look until 2024.

“I’ve skied on Rossignols since I was tiny, so naturally I’m pleased to be continuing my journey with the brand. I can’t wait for next winter because so far, other than an Olympic medal, I’ve achieved everything I wanted most in the world.”

At only 23 years of age, Katharina Liensberger has produced a heroic winter. With a crystal globe in the Slalom following 8 podiums in 9 Slaloms including 2 golds, World championship titles in Slalom and Parallel and a bronze medal in the Giant, the Austrian has earned true recognition. She will represent Rossignol for skis, Lange for boots and Look for bindings.

“I’m really happy to be staying with Team Rossignol until 2024. This means a great deal to me because it’s thanks to this passionate brand, plus a lot of hard work and discipline, that I’ve managed to prove myself one of the best female skiers in the world. I’m very proud to represent Rossignol, who have supported me since the start of my career. This continuity is important to me because I’m progressing one step at a time, and there are new challenges for me every year. Of course, the next one will be the Beijing Olympics!”

Having won the big crystal globe for the World Cup overall ranking in 2020, this year Federica Brignone has passed it on to another Band Of Heroes skier, Petra Vlhova. A sure sign of the impressive strength of Rossignol’s women’s team today! The Italian will use Rossignol skis, helmet, goggles and poles until 2023, with Lange boots and Look bindings.

I’m very pleased to be continuing my journey with Rossignol, the brand I’ve been with throughout my sporting career! They’re a family to me, and I can’t wait to share two more very important years with them and follow my sporting dreams.”

© Jordi Imberteche

Stéphane Mougin, Racing Director: “We are proud to continue the adventure with such talented and committed skiers as Petra, Katharina and Federica, and to continue to offer them the best possible equipment for their future goals, the Beijing Olympic Games in 2022 and the Courchevel-Méribel World Championships in 2023.”

Cardinal Cycling Group Purchases Bicycle Business and RTM Composite Factory.

Rossignol Group and SRAM announce SRAM’s acquisition of the entire range of road and mountain pedals, cleats, and all related patents of TIME Sport. The companies completed the transaction on February 18, 2021.

Founded in Nevers, France, in 1987, TIME’s clipless pedals system redefined ergo-dynamic compliance for riders by improving lateral and angular float, perfecting their balance between performance and comfort. TIME added mountain bike pedals in 1993. Their road and MTB pedals have been ridden to victory by legends, including Julien Absalon, (FRA), Greg LeMond (USA), Tom Boonen (BEL), Anna van der Breggen (NED), and Miguel Indurain (ESP).

“TIME is a legendary brand and was the first to focus on ergonomics through the pedal stroke. We will work to preserve TIME’s history and heritage, and continue their legacy of innovation and quality,” SRAM President Ken Lousberg said.

SRAM historically has expanded its product platforms through organic product development focused on innovation, and integrative acquisitions. SRAM’s strategic acquisitions include RockShox, Avid, Zipp, Truvativ, and Quarq.

In a separate transaction, TIME’s bicycle business has been purchased by Cardinal Cycling Group, including all related patents, trademarks and ownership of the TIME’s RTM composites factory. Cardinal Group ownership includes American Tony Karklins, the founder of Allied Cycle Works and former Orbea USA Managing Director, and Frenchman Martial Trigeaud, industrial engineer and former elite bike racer.

“TIME is a brand full of passion, history and true innovation. We are honored to steward TIME into the future and to advance Resin Transfer Molding technology in the cycling industry,” said Cardinal Cycling Group Partner Tony Karklins.

“I’m thrilled that we have found two exceptional buyers for TIME. Each brings unique strengths to drive the great TIME brand forward,” said Rossignol Sr. VP Bike Division, Scott Rittschof. He added, “Bikes remain a strategic focus for the Group. We will now focus our resources and core activities on Rossignol mountain and e-mountain bikes and on Felt road and triathlon bikes. The worldwide enthusiasm for bikes and the opportunities we see across the Rossignol and Felt brands support our belief in this focused approach.”

Both companies will continue to market products under the TIME name. SRAM will focus relevant external communications as TIME Sport, and Cardinal Cycling Group will utilize TIME Bikes. Customers will continue to contact TIME for product service and support during a transition phase through mid-year 2021.

After 16 years of leading Rossignol Group, Bruno CERCLEY will hand over the CEO responsibility to Vincent Wauters during 1 st quarter of 2021, while he will keep a non-executive role as President and member of the Board.

Saint-Jean-de-Moirans, 4th of November 2020

Bruno CERCLEY joined Rossignol in 2002 and left in 2005 after Quiksilver acquired the Group. In 2008 he led a consortium that acquired Rossignol from Quiksilver, and he took over as CEO upon completion of this transaction.

Under Bruno’s leadership, Rossignol Group has grown to become one of the World’s leading Winter Sport brands portfolio, including Rossignol, Dynastar, Lange and Look. After a drastic restructuring plan conducted in 2009, the winter sport brands have steadily grown their market shares, and in recent years experienced unparalleled success in Racing – across a range of most ski disciplines. This is a result of years of commitment and investment in building great products with a strong organization and leadership team, that was recognized when Bruno was named as “Chevalier de la Légion d’Honneur”.

Under his leadership, Rossignol has also successfully launched a full Apparel collection and entered into the Mountain Bike market, extending its role as the “Pure Mountain Company”. The group is very well positioned to continue to leverage its unique portfolio of brands and accelerate growth Vincent WAUTERS will join the Rossignol group on December 1 st , 2020 and continue the global development of its core business while leveraging its significant soft goods and e-commerce growth
opportunity. Vincent and Bruno will work together for a smooth transition of the CEO role during 1 st quarter of 2021.

Vincent is a seasoned Outdoor industry leader who previously served as CEO of Hunter Boots, President of Arc’teryx and Executive board member of Amer Sports Corporation in charge of the Global Operations and of the Apparel and Gear Category. He had also held various operational positions at Newell Rubbermaid and was one of the first employees of Amazon in France.

Bruno CERCLEY said: “Looking at what we have accomplished over the last decade, I am very proud for having had the great privilege to lead the Group teams in this incredible venture. We have recovered our leading position on skis with Rossignol, doubled our boots market share, we have created a true, steadily growing, apparel business supported by a unique brand positioning, and we have become a major partner for mountain passionates in their quest for “Another Best Day” experiences, all year long. I am quite grateful to the teams who have worked so hard with me to make this happen. This is a good time for organizing ourselves to continue to develop our vision and implement it through solid action plans. Having Vincent joining the Group is a huge opportunity that we could not miss. I am very excited to work soon with him to ensure a smooth and efficient transition. I will obviously remain very much interested and involved from a more strategic perspective, as President & Board member.

Vincent WAUTERS commented: “It is a great honour to join such an iconic, leading and authentic Outdoor group. What has been accomplished under Bruno’s leadership over the last several years is truly remarkable and I am looking forward to working with the team and our partners to enable a very exciting next strategic cycle.”

It has been a privilege to work with Bruno over the last seven years. He has led a major transformation of the Group and is handing over a strong and well performing company to Vincent. I think the heritage of the Rossignol brands and organization is in good hands with Vincent, who with his background from global iconic apparel and winter sport Brands and his expertise across marketing, E-commerce and Operations, brings new capabilities important to accelerate growth from our solid platform” , says Hugo MAURSTAD, Chairman of the Board.