When did Trek buy Electra?

Could you please clarify for me the exact timing of when Trek made the acquisition of Electra? Was it a recent transaction, or did it occur some time ago? Additionally, if there are any publicly available details regarding the financial terms or the motivation behind the acquisition, I would be very interested in learning more about those aspects as well. Understanding the context and timing of this transaction can provide valuable insights into the strategic direction and financial health of both companies.