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Catapult Group International ( (AU:CAT) ) has provided an update.
Catapult Group International Ltd has announced the acquisition of Perch, a leader in athlete monitoring technology, to enhance its Performance & Health vertical. This strategic move aims to integrate gym-based strength training insights with on-field performance data, creating a seamless platform for professional sports teams. The acquisition, valued at US$18 million, will be funded through a combination of cash and shares, with no capital raise required. This move is expected to strengthen Catapult’s market position by offering a more comprehensive athlete training ecosystem and accelerating its AI capabilities.
The most recent analyst rating on (AU:CAT) stock is a Hold with a A$2.35 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.
More about Catapult Group International
Catapult Group International Ltd is a global leader in sports technology solutions for professional teams. The company focuses on providing comprehensive performance tracking solutions, integrating performance data across on-field and off-field environments to unlock growth opportunities.
Average Trading Volume: 1,592,423
Technical Sentiment Signal: Buy
Current Market Cap: A$1.49B
Learn more about CAT stock on TipRanks’ Stock Analysis page.