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Garmin acquires Tacx

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  • 12-02-2019 3:37pm
    #1
    tunney
    Registered Users Posts: 12,583 ✭✭✭✭


    Press release by Garmin! Should be interesting to see how this affects product lines and development


    February 12, 2019, 8:00 am CST

    Garmin® signs purchase agreement to acquire Tacx, the leading manufacturer of indoor bike trainers
    SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN), today announced that one of its affiliates has signed a definitive agreement to acquire all of the outstanding shares of Tacx Onroerend en Roerend Goed B.V (“Tacx”), a privately-held Dutch company that designs and manufacturers indoor bike trainers, tools and accessories, as well as indoor training software and applications. The completion of this acquisition is subject to customary regulatory approvals and closing conditions.


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    #2
    68 lost souls
    Registered Users Posts: 3,981 ✭✭✭68 lost souls


    This will be interesting in the battle between wahoo and both companys.


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    #3
    pgibbo
    Registered Users Posts: 4,377 Mod ✭✭✭✭pgibbo


    I hope the quality of the Tacx product doesn't degrade as a result.


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    #4
    peter kern
    Registered Users Posts: 3,359 ✭✭✭peter kern


    so i guess trainerroad is next .


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    #5
    peter kern
    Registered Users Posts: 3,359 ✭✭✭peter kern


    out of interest what have they done with the purchase of alphamantis a while a go ?


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