Riddell completes acquisition of Simbex to enhance athlete performance platform

Apr 02, 2024•over 1 year ago

Acquiring Company

Riddell

Acquired Company

Simbex

Des Plaines

LebanonSportsMedical Equipment ManufacturingHealth Care

Description

Riddell, the industry leader in football helmet technology, has strategically acquired longtime partner Simbex to expand its athlete performance platform and enhance core capabilities. With the addition of Simbex' premier engineering and health science product development expertise, Riddell will further elevate its position at the forefront of sports technology.

Company Information

Company

Riddell

Location

Des Plaines, Illinois, United States

About

Riddell is the industry leader in football helmet technology and innovation, with a goal of giving back to the football community while advancing and improving athlete protection. As the long-standing leader in football head protection and protective athletic equipment for more than 90 years, Riddell is leading the game to a strong future by creating a path to next generation protection. Riddell also offers best-in-class reconditioning services to help ensure athletes have access to clean, sanitized, and recertified equipment.

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