Elan, d.o.o.

Elan, d. o. o. is a Slovenian company specializing in the design and manufacturing of high-performance skis and ski equipment, renowned for its commitment to quality and innovation in winter sports.

Elan, d. o. o. was founded in 1945 in Slovenia, focusing on ski design and manufacturing.

In December 2018, KJK Capital acquired the company from Wiltan Enterprises Limited, and later, in May 2019, gained a 100% stake. The firm has engaged in one deal to date, with the most recent deal occurring on December 24, 2018. Elan Sports specializes in the design and manufacturing of high-performance skis and ski equipment, crafted meticulously in the Slovenian Alps for over 75 years. Their core offerings include a diverse range of skis categorized into men's, women's, and kids' segments, with specific designs for freeride, all-mountain, on-piste, race, and touring disciplines.

Elan’s products aim to enhance the skiing experience by promoting moments of enjoyment and camaraderie on the snow with friends and family. Elan serves a global customer base, with its products distributed across major markets, including the USA, Canada, Germany, Austria, France, Italy, and the Czech Republic. Additionally, Elan provides lightweight equipment designed for backcountry exploration, appealing to adventurous skiers seeking to explore off-piste terrains. In the most recent fiscal year, Elan Sports reported a revenue of USD 79.

17 mn and an EBITDA of USD 3. 62 mn. The company generates revenue through direct-to-consumer sales and partnerships with retailers and wholesalers across various geographical markets. Elan's sales transactions typically involve customers purchasing skis and related equipment, with specific offerings designed to meet the needs of different skill levels and skiing styles.

The flagship product line, which includes models like the Ripstick and Wildcat, represents a significant portion of transactions and appeals to both casual and competitive skiers. Following its acquisition, Elan plans to leverage its recent funding towards the development of new ski models and enhancements in product technology. The company is expected to release its latest ski designs aimed at improving performance and user experience by late 2023. Furthermore, Elan is targeting expansion into emerging ski markets in Asia and South America by 2025 to increase its global footprint.

The proceeds from the acquisition will support these initiatives, further enhancing Elan's capabilities to deliver advanced skiing equipment and penetrate new geographical regions.