Callaway Golf Company has acquired uPlay, a Carlsbad, California-based developer and marketer of consumer electronics devices. The transaction, which was completed on Dec. 31, 2008, is not expected to have a material effect on Callaway Golf Companys 2009 results. Terms of the deal are not being disclosed.
“The acquisition of uPlay makes sense for us on several fronts,” said George Fellows, president and CEO, Callaway Golf. “Weve said that we would look for acquisitions to help accelerate our growth, and the combination of uPlay with its innovative GPS platform and Callaway Golfs technical leadership in club and ball development will do just that by creating incremental new business opportunities, while also enhancing golfers experiences on the golf course.”