NIKE acquires Umbro Plc

NIKE acquired Umbro Plc for approximately $582 million (GBP 285 million), a transaction completed in March 2008, structured as all cash.

Umbro Plc operates in Football (soccer) brand (Umbro), is based in United Kingdom, had revenue of about approximately $276 million (GBP 149.5 million) in 2006. Leading United Kingdom-based global football (soccer) brand with more than 70 years of experience, listed on the London Stock Exchange, with close links to The Football Association and the England national team. Nike made an all-cash offer of 193.06 pence per share, valuing the company at approximately $582 million (GBP 285 million). Umbro's 2006 annual revenues were approximately $276 million (GBP 149.5 million).

The acquisition will significantly expand Nike's global leadership in football, a key growth category; since the early 1990s Nike has grown football revenues from about $40 million to approximately $1.5 billion.

A football brand with powerful heritage, close links to The Football Association and the England team, and presence in more than 90 countries — directly expanding Nike's leadership in soccer. Complementary strengths and multiple ways to segment and grow the global football market. Acquired by Nike's wholly-owned subsidiary NIKE Vapor Ltd.; operated as the Umbro brand.