Catapult Expands Global Footprint with $27.7 million Acquisition of US Tech Firm Perch

Highlights:

• Catapult Group International Ltd (ASX: CAT) is acquiring US-based sports tech firm Perch for US$18 million (A$27.72 million at the time of writing), funded through a mix of cash and shares.
• Perch brings an annual contract value of US$2.5 million and adds advanced athlete monitoring solutions to Catapult’s performance and health division.
• An additional US$10 million in Catapult shares may be paid to Perch shareholders between 2027–2028 if key growth milestones are achieved.

Australian sports analytics company Catapult Group International Ltd (ASX: CAT) has announced the acquisition of US-based sports technology firm Perch for a total of US$18 million (approximately A$27.72 million at the time of writing). The deal marks a significant move in Catapult’s strategy to expand its performance and health business by integrating cutting-edge athletic monitoring solutions into its portfolio.

Deal Structure: Cash and Shares

Catapult confirmed that the acquisition would be financed through a mix of existing cash reserves and equity. An initial payment of US$3 million will be made in cash upon completion of the deal, while the remaining US$15 million will be disbursed through a series of share-based tranches. In addition, Perch shareholders will be eligible for an earn-out of up to US$10 million in Catapult ordinary shares, dependent on performance milestones achieved between June 2027 and May 2028.

Strategic Growth in Athlete Monitoring

Perch, based in the US, specializes in manufacturing advanced athlete monitoring systems. The company has a current annual contract value of approximately US$2.5 million, according to Catapult. By acquiring Perch, Catapult aims to strengthen its position as a global leader in wearable and video technology used by elite sports teams. “This acquisition adds comprehensive and versatile performance tracking solutions to our capabilities,” Catapult said in its announcement, emphasizing its goal to deliver enhanced performance insights to clients across the sporting world.

Outlook

The acquisition aligns with Catapult’s long-term growth strategy, as it looks to capitalize on rising demand for real-time performance analytics and athlete health solutions. With Perch now under its umbrella, Catapult is poised to expand its market share in North America and beyond.

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