Global sports tech company acquires one more

Melbourne-based Catapult Group has acquired Brisbane rival SMG Technologies in a deal reported to be worth up to $3.9 million.

Catapult will acquire two cloud software products from SMG Technologies - SportsMed Elite and Baseline .

Catapult Sports was established in 2006 after the government-funded Cooperative Research Centre commercialised its wearable athlete monitoring technologies and is now ASX-listed and with global reach.

The sports tech industry leader has partnerships with many Australian and overseas leagues.

SMG Technologies arose out of a one-off project for the the All Blacks, called RugbyMed. Products for the broader sporting market have been developed since 2010 out of its Brisbane headquarters.

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