M&A Deal Summary

Google Acquires Fitbit

On November 1, 2019, Google acquired electronics company Fitbit for 2.1B USD

Acquisition Highlights
  • This is Google’s 3rd transaction in the Electronics sector.
  • This is Google’s 9th largest (disclosed) transaction.
  • This is Google’s 167th transaction in the United States.
  • This is Google’s 112th transaction in California.

M&A Deal Summary

Date 2019-11-01
Target Fitbit
Sector Electronics
Buyer(s) Google
Deal Type Add-on Acquisition
Deal Value 2.1B USD
Advisor(s) Qatalyst Partners (Financial)
Fenwick & West (Legal)

Target

Fitbit

San Francisco, California, United States
Fitbit is a provider of fitness products for consumers. The Company was formed in 2007 and is based in San Francisco. Fitbit was founded in 2007 and is based in San Francisco, California.

Search 215,074 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Google

Mountain View, California, United States

Category Company
Founded 1998
Sector Internet Software and Services
Employees190,234
Revenue 350.0B USD (2024)
DESCRIPTION
View of Google's corporate campus in Mountain View, California.
View of Google's corporate campus in Mountain View, California.

Google is a global provider of search and advertising services. In addition to its search engine, Google offers online tools and platforms including: Gmail, Google Apps, Google Maps, and YouTube. Google was incorporated in 1998 and is based in Mountain View, California.


DEAL STATS #
Overall 213 of 227
Sector: Electronics M&A 3 of 4
Type: Add-on Acquisition M&A Deals 207 of 218
State: California M&A 112 of 115
Country: United States M&A 167 of 179
Year: 2019 M&A 5 of 5
Size (of disclosed) 9 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Elastifile

Santa Clara, California, United States

Elastifile Ltd. a provider of scalable, enterprise file storage for the cloud. File storage is fundamental to enterprise infrastructure and a priority for customers looking to accelerate their digital transformation. Elastifile Ltd. was founded in 2013 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Intersect Power

Beaverton, Oregon, United States

Intersect Power is an energy infrastructure company that develops, owns, and operates large-scale power and data center infrastructure solutions designed to supply reliable, low-carbon energy alongside industrial and data center loads. Intersect Power was founded in 2016 and is based in Beaverton, Oregon.

Buy -