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New Deal


Announced

GoPro to acquire Forcite Helmet Systems.

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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Acquisition

Single Bidder

Australia

Clothing and Accessories

Majority

Cross Border

Friendly

sporting helmets

Private

Pending

Synopsis

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GoPro, an action camera manufacturer, agreed to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. Financial terms were not disclosed. "The greater helmet market represents a meaningful TAM expanding opportunity for GoPro, and we're excited for the Forcite team to join us so that together we can work towards enhancing the performance and safety of various types of helmets, starting with motorcycle helmets. We're excited to leverage our brand reputation along with our technical and operational capabilities to address what we believe is a long-term growth opportunity for our business," Nicholas Woodman, GoPro Founder and CEO.

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