Vancouver, BC (press release)–adidas-Salomon has agreed to purchase ArcTeryx Equipment, Inc., the Vancouver-based manufacturer of technical clothing, backpacks, and climbing gear.

Arc’Teryx was founded in 1991 by Jeremy Guard, who remains president of the company, and David Lane.

Spokesperson Brenda Ryujin indicated that Arc’Teryx branding will be unchanged. The acquisition is effective immediately, and financial terms are undisclosed.