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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 KiscoElizabethFitnessWellnessHealth 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 is a leading brand in wearable wellness, compression apparel, and comprehensive pain management solutions. Since launching in 2010, Tommie Copper has built one of the most comprehensive, innovative, and approachable pain-management portfolios in the health and wellness sector, offering a wide range of effective, convenient, and versatile solutions for everyday pain and discomfort.

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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