0045 GMT - Catapult Group International's CEO talks about the sports-tech provider's latest acquisition as though it's a fairytale. "Most of the times, we're seeing a lot of frogs and we're not seeing a lot of princes," Lopes says on an investor call. He says Catapult acquired strength-training tech provider Perch for US$18 million after management there rethought the company's growth strategy and cash profile. Lopes has previously talked about how he receives one or two pitches a week from wannabe targets, many with unrealistic valuation aspirations. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 04, 2025 20:45 ET (00:45 GMT)
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