Catapult Sports (CAT) M&A Announcement summary

Deal rationale and strategic fit

• Acquisition of a leading soccer analytics provider expands capabilities in scouting, analytics, and tactical insights, supporting evolving customer needs and a data-driven market.

• Impect's proprietary metrics and scalable SaaS model complement the acquirer's subscription business and technology platform, enabling cross-sell opportunities and expansion into other sports.

• Integration with existing video and analytics products creates a unified experience for professional sports teams and sets a new industry standard for data-driven decision-making.

• The acquisition addresses market fragmentation, standardizes data, and reduces reliance on subjective judgment in scouting.

• The deal aligns with mid- and long-term growth targets, aiming to accelerate ACV growth and strengthen the competitive moat in pro sports technology.

Financial terms and conditions

• Upfront cash consideration of €40M (US$46M), with up to €38M (US$44M) in deferred and contingent payments over four years, including €10M (US$12M) tied to performance hurdles.

• Deferred consideration of €28M (US$33M) in shares, and up to €10M (US$12M) in earn-out equity incentives, issued in tranches over FY27–FY29.

• Funded by a fully underwritten institutional placement raising A$130M (US$84M) and a non-underwritten Share Purchase Plan targeting up to A$20M (US$13M).

• Upfront consideration multiple of 5.6x Jul-25 ACV; total potential consideration multiple of 11.0x Jul-25 ACV.

• Placement price set at A$6.68 per share, a 7.7% discount to last close.

Synergies and expected cost savings

• Acquisition is immediately accretive to ACV growth and Rule of 40 metrics, with IMPECT scoring 73% on Rule of 40 and a 13% EBITDA margin at its last financial year-end.

• Significant cross-sell and sales synergies expected by leveraging a larger go-to-market team and global network.

• Customer success and support functions to be integrated, reducing the need for additional hires.

• Data creation costs do not scale linearly, supporting margin expansion as the business grows.

• Profitable growth opportunity by integrating advanced analytics and leveraging operational scale.