Protempo U.S. Limited, a global consumer electronics distributor, announced the completed acquisition of Outdoor Tech, a consumer electronic and helmet audio company. Financial terms of the deal weren’t disclosed.
Protempo said the Outdoor Tech brand will contribute “tremendous value” to the company’s product offering, providing for high-margin quality goods to be offered through Protempo’s expansive sales and distribution network.
“I have long been an admirer of the Outdoor Tech brand,” said Gerry Fay, Protempo U.S. CEO. “Their product design skills and unique brand has allowed them to quickly grow within both the consumer electronic and outdoor industry. There is much opportunity ahead for Outdoor Tech, particularly when combined with Protempo’s vast resources and omnichannel network. We believe we are well positioned to develop Outdoor Tech into one of the largest action electronic brands globally.”
Both U.S. corporate headquarters, which are located in Southern California, have already begun to work on a transition and integration of their operations. In addition to added sales support, Protempo offers customer service, fulfillment and reverse logistic services. Protempo’s additional resources will help the Outdoor Tech brand continue to gain market share.
“We are so excited to be part of the Protempo Family,” said Charlie Gugliuzza, Outdoor Tech’s CEO. “Outdoor Tech has been searching for the right partner to expand their sales and distribution reach for their high-quality helmet audio kits, earbuds, headphones, speakers, power banks, chargers and cables. We have been successful at designing and producing unique consumer electronics in support of a healthy and active lifestyle. The acquisition by Protempo will allow the Outdoor Tech brand to flourish within Protempo’s global network.”
Photo courtesy Outdoor Tech