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Announced

GolfTEC to acquire SkyTrak.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Recreational Products

Single Bidder

Private

Majority

Pending

Acquisition

Domestic

Friendly

United States

golf accessories

Synopsis

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GolfTEC, a golf improvement accessories manufacturer, agreed to acquire SkyTrak, a manufacturer of launch monitors and simulators. Financial terms were not disclosed. "We are incredibly excited about the acquisition of SkyTrak. With this acquisition, we're combining two companies that understand how data and personalized coaching can truly accelerate a person's journey to better golf. As we look to the future, and in conjunction with our parent company GDO, we're excited about delivering an improvement experience that goes beyond the traditional GolfTEC Training Bay and helps people improve with GolfTEC anywhere," Joe Assell, GolfTEC Co-founder and CEO.

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