Catapult Group Expands Performance & Health Vertical with Perch Acquisition

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.