SIGNA Sports United, an online sports commerce and tech platform, announces the acquisition of a majority stake in Midwest Sports, the Ohio-based online tennis retailer that ranks among the top three in the U.S. Market. The transaction, which is still subject to customary closing conditions, represents SIGNA Sports United’s first substantial business operations in the United States and its desire to strengthens its subsidiary Tennis-Point.
Tennis-Point, which is the exclusive global online retail partner of the International Tennis Federation, will utilize Midwest Sports to enhance its position as the world’s leading tennis platform and replicate its European strategy in the U.S.
Stephan Zoll, CEO of SIGNA Sports United: “Midwest Sports has been a true American success story since its beginning. It is amazing, how Greg and his team self-built their company into what it is today. The U.S. tennis market is huge. We are thrilled to start acting directly as a major player in this market, building on Greg’s work and our experience in Europe. This is an important milestone on our path to successfully expand our sports platform across the globe.”