Vista Outdoor Segment Revelyst Acquires PinSeeker; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Vista Outdoor's segment Revelyst has acquired PinSeeker, a simulator off-course golf and connectivity app. PinSeeker, part of the Wasserman portfolio, will be integrated into Foresight Sports within Revelyst's Precision Sports Technology platform. Employees of PinSeeker will relocate to San Diego, the base for Revelyst's platform.
March 25, 2024 | 11:08 am
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Vista Outdoor acquires PinSeeker to enhance its Revelyst segment, aiming to strengthen its position in the precision sports technology market.
The acquisition of PinSeeker by Vista Outdoor's Revelyst is likely to positively impact VSTO's stock in the short term. This strategic move not only expands Revelyst's product offerings but also strengthens its position in the precision sports technology market. The integration of PinSeeker into Foresight Sports within Revelyst's platform is expected to enhance the company's competitive edge and potentially increase its market share in this niche sector.
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IMPORTANCE 75
RELEVANCE 90