The parent company of Quiksilver and Billabong, is set to change hands for $1.92 billion. Both brands have outlets that sell increasing numbers of outdoor tech products, such as Go Pros, waterproof ear buds, and rugged smartwatches.

Authentic Brands Group is gearing up to announced the US$1.3 billion takeover of Boardriders as soon as next week, insiders tell Bloomberg.

If successful, the sale will see the iconic Aussie surf brands join Reebok, Brooks Brothers and Eddie Bauer in the Authentic Brands stable.

Boardriders is controlled by Oaktree Capital Management.