"Foresight Sports is early in the market penetration curve and their products, software and technology are poised to further disrupt the golf industry. The Launch Pro, a personal launch monitor built on the industry's best and most widely accepted technology, will be available for purchase at and select golf retail outlets nationwide this Fall. Beyond launch monitor technology, the company's Sim-In-A-Box line of golf simulators represents an entirely new category of compact, affordable indoor golf solutions that in just two years have commanded a leading share of the global simulator market.Įarlier this year, Vista Outdoor brand Bushnell Golf entered into an exclusive domestic partnership with Foresight Sports to bring pro-level launch monitor technology to the everyday golfer. The Foresight Sports GCQuad launch monitor has been awarded Golf Digest's Editors' Choice Award for Best Launch Monitor for four consecutive years, and the product has become the launch monitor of choice for more PGA Tour players, top golf retailers and manufacturers, and coaches and fitters than any other technology. alone, combined with growth in international, digital, and off-course settings, Vista Outdoor is well positioned as a leader in golf data collection, hardware development, game improvement and accuracy."įoresight Sports has innovated both on – and off – course categories, with the most launch monitors and golf simulation solutions in retail stores, driving ranges, commercial facilities and homes worldwide. With more than 36 million golf participants in the U.S. "Together under the same roof, Bushnell Golf and Foresight Sports will elevate their brands' strengths, engage and expand into new segments of the industry and drive growth and brand awareness at unprecedented scale. Foresight Sports is the industry leader in golf technology and launch monitor adoption, and I am pleased to welcome their team of over 150 dedicated employees to Vista Outdoor," said Vista Outdoor Chief Executive Officer Chris Metz. "The addition of Foresight Sports immediately positions Vista Outdoor as one of the top technology players in the golf industry. Foresight Sports is a vertically integrated engineering and manufacturing company that produces launch monitors, simulators, performance/entertainment software and smart mobility solutions for on- and off-course golf activities and a variety of other sports and games. (NYSE: VSTO), a leading global designer, manufacturer, and marketer of products in the outdoor sports and recreation markets, today announced that it has entered into a definitive agreement to acquire San Diego-based Foresight Sports, a leading designer and manufacturer of golf performance analysis, entertainment, and game enhancement technologies, for $474 million. Vista Outdoor's leverage ratio expected to be below 1.5x upon closing, and below 1.0x at FY 2022 fiscal year end.Foresight Sports expected to be immediately accretive to earnings, excluding transaction and transition costs.Acquisition aligned with Vista Outdoor's strategy of acquiring market leading brands where Vista Outdoor can immediately add value.Acquisition positions Vista Outdoor as the technology leader in the golf industry.Foresight Sports accelerates Vista Outdoor's trajectory towards long term higher operating margins.Acquisition expands Vista Outdoor's presence in higher growth, less cyclical Outdoor Products markets.He currently plays his golf at Burghley Park Golf Club in Stamford, Lincs, with a handicap index of 3.3.ANOKA, Minn., Sept. To date, his best ever round of golf is a 5-under 67 back in 2011. One of his career highlights came when covering the 2012 Masters he got to play the sacred Augusta National course on the Monday after the tournament concluded, shooting a respectable 87 with just one par and four birdies. He is also responsible for all content on irons and golf tech, including distance measuring devices and launch monitors. He now oversees all product content here at Golf Monthly, managing a team of talented and passionate writers and presenters in delivering the most thorough and accurate reviews, buying advice, comparisons and deals to help the reader find exactly what they are looking for. So whether it's the latest driver, irons, putter or laser rangefinder, Joel has his finger on the pulse keeping up to date with the latest releases in golf. Joel has worked in the golf industry for over 12 years covering both instruction and more recently equipment.
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