GoPro to Acquire Forcite, Maker of Tech-Enabled Helmets

Jan 16, 2024•over 1 year ago

Acquiring Company

GoPro

Acquired Company

Forcite

San Mateo

AlexandriaComputers and Electronics ManufacturingMotor Vehicle Manufacturing

Description

GoPro, Inc. has announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. This acquisition is aimed at accelerating Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time.

Company Information

Company

GoPro

Location

San Mateo, California, United States

About

GoPro helps the world to capture and share itself in immersive and exciting ways. We are a force for positivity, celebrating all things awesome while inspiring people to pursue their passions. We celebrate diversity. We practice inclusion. We foster belonging. We demand equity. And we share the experiences of individuals and communities who also hold these values as core to who they are. From Bucharest to Munich, Silicon Valley to Shenzhen, we are dedicated to building a company that reflects and honors the diverse global communities where we live, work, and play. Founded in 2002 by Nick Woodman, a photo and video enthusiast in search of a better way to film himself and his friends surfing, GoPro has grown into a relentlessly innovative brand loved around the world for its insanely versatile and enabling products. We are GoPro and we love what we build.

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

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