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M&A Deal Summary

adidas Acquires Textronics

On December 3, 2008, adidas acquired apparel/textiles company Textronics

Acquisition Highlights
  • This is adidas’ 2nd transaction in the Apparel/Textiles sector.
  • This is adidas’ 2nd transaction in the United States.
  • This is adidas’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2008-12-03
Target Textronics
Sector Apparel/Textiles
Buyer(s) adidas
Deal Type Add-on Acquisition
Advisor(s) Centerview Partners (Financial)

Target

Textronics

Chadds Ford, Pennsylvania, United States
Textronics develops and commercializes functional products that integrate sensing fibres directly into the fabric of garments, allowing for the measurement of electrical, optical or magnetic signals without using cumbersome electrodes attached to the body. This includes heart and respiration measurements, vital statistics and motion detection.

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Buyer(S) 1

Buyer

adidas

Herzogenaurach, Germany
Category Company
Founded 1920
Sector Apparel/Textiles
Employees51,561
Revenue 23.7B EUR (2024)
DESCRIPTION
Entrance to an Adidas Group office in Spartanburg, South Carolina.
Entrance to an Adidas Group office in Spartanburg, South Carolina.

adidas produces sporting goods and apparel under Adidas, Five Ten, Reebok, TaylorMade, Adams Golf, and Ashworth brands. adidas was founded in 1920 and is based in Herzogenaurach, Germany.

DEAL STATS #
Overall 4 of 6
Sector: Apparel/Textiles M&A 2 of 3
Type: Add-on Acquisition M&A Deals 4 of 6
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-03 Reebok

Canton, Massachusetts, United States

Reebok is a producer of athletic shows and sports apparel. The Company was formed in 1895 and is based in Canton, Massachusetts.

Buy $3.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-03 Five Ten USA

Redlands, California, United States

Five Ten is a producer of outdoor sports footwear. It offers products to athletes in categories such as climbing and mountain biking.

Buy $25M
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