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Tommie Copper completes acquisition of Profoot's footcare device division

Apr 02, 2024•over 1 year ago

Acquiring Company

Tommie Copper

Acquired Company

Profoot

Mount KiscoElizabethHealth Care

Description

Tommie Copper, a leading brand in wearable wellness and comprehensive pain management solutions, has acquired the footcare device division of Profoot, a provider of footcare products for over 40 years. This strategic acquisition integrates Profoot's innovative device portfolio and technology into Tommie Copper's pain management offerings, continuing their leadership in pain relief solutions for foot pain.

Company Information

Company

Tommie Copper

Location

Mount Kisco, New York, United States

About

Tommie Copper was founded in 2010 with the simple goal of helping people live healthier, happier and more fulfilling lives. The comfortable compression apparel that Tommie Copper pioneered has helped over one million people feel better and get back to doing what they love. Tommie Copper’s compression sleeves and apparel are designed to be comfortably worn all day long. 100% of our proprietary fabric is copper and zinc infused. CopperZnergyTM eliminates odors caused by microbes on the fabric and offers UPF 50+ protection from the sun’s harmful UV rays for skin health benefits.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed