Sports watch manufacturer Garmin will take over indoor trainer specialist Tacx. The aim of the acquisition is "a seamless, pleasant and motivating indoor and outdoor experience for cyclists."
February 12, 2019 | GEAR|
American sports watch manufacturer Garmin is taking over Dutch company Tacx, a privately run company that specializes in indoor trainers. The transaction is expected to be finalized in the second quarter of this year and is subject to customary regulatory approvals and closing conditions, Garmin announced today. The nearly 200 Tacx employees will become part of the global Garmin team.
Indoor trainer: Tacx
With more than five decades of experience, Tacx is best known for its range of innovative indoor cycling trainers. Currently the top models in the Tacx line up are the Neo 2 and the Neo Bike. The trainers, which are very popular with triathletes (as are Garmin watches and bike computers), provide extremely realistic and accurate cycling simulation. The smart trainers connect wirelessly to training apps like Zwift and Trainer Road, so that cyclists can get more out of their workouts.
Outdoor tracker: Garmin
For decades, Garmin has pioneered new GPS navigation and wireless devices and applications designed for people who lead an active lifestyle. Garmin serves the five main markets of automotive, aerospace, fitness, water sports and outdoor leisure. Triathletes are especially fond of the Forerunner and Fenix series of sport watches. Garmin's cycling computers and watt measuring systems are also in high demand.
"Motivating indoor and outdoor experience"
“Tacx brings an entirely new product category to Garmin’s fitness portfolio that expands our reach into the indoor training market,” said Cliff Pemble, Garmin president and CEO. “Together with Tacx, Garmin will offer a seamless, enjoyable and motivating indoor and outdoor experience for cyclists all year long.”
“We are excited to have the support of a technology leader like Garmin,” said Koos Tacx, CEO of Tacx. “With Garmin’s extensive R&D capabilities and global distribution network, we look forward to working together to further enhance our indoor training products and technologies, and bring them to cyclists around the world.”