Asics to Buy Haglofs to Expand Into Hiking, Europe

Asics Corp., the Japanese maker of the Onitsuka Tiger sporting-goods brand, will buy Swedish outdoor gear company Haglofs Holding AB to expand abroad.

Asics will spend 11.4 billion yen ($128 million) to buy all of the shares in Haglofs in August, according to a filing to the Tokyo Stock Exchange. The acquisition will have little impact on earnings for the year ending March 31, Kobe-based Asics said.