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Garmin signs purchase agreement to acquire Tacx
Garmin signs purchase agreement to acquire Tacx

Garmin signs purchase agreement to acquire Tacx

"Garmin take over Tacx, the Dutch trainer, accessories and tools manufacturer - a bid to grab a slice of the lucrative and fast-growing indoor cycling training market."

Garmin today announced that one of its affiliates has signed a definitive agreement to acquire all of the outstanding shares of 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.

The market leader with more than five decades of experience, Tacx is best known for its innovative line of indoor smart trainers, including the highly-regarded NEO 2 and the revolutionary NEO Bike, that measures speed, power and cadence. Offering a highly realistic and accurate ride simulation, Tacx trainers allow cyclists to experience lifelike conditions, no matter the weather. For the most interactive and immersive indoor experience, the Tacx smart trainers connect wirelessly to popular training apps to help cyclists get more from their workouts, as well as the Tacx software/training app that offers training plans, data analysis, films of scenery all over the globe, live opponents and much more.

“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.”

A vertically-integrated company with in-house R&D and production, Tacx is headquartered in Wassenaar, Netherlands with a distribution center in Vogt, Germany. The company employs nearly 200 associates, who will become part of the global Garmin team. To further leverage the growing market for indoor bike trainers, Tacx is currently undergoing a capital investment project to expand its R&D and production capacity.

The completion of this acquisition, which is subject to customary conditions, is expected to occur in Q2 2019. Financial terms of the acquisition will not be released.

Limited results shown below. Click here for full results!
Tacx Satori Smart Trainer | Hometrainer
Tacx Satori
From: 164
Tacx Vortex Smart Trainer | Hometrainer
Tacx Vortex
From: 269
Tacx Bushido Smart Trainer | Hometrainer
Tacx Bushido
Save: 48 %
From: 248
Tacx Flux S Direct Drive Smart Trainer | Hometrainer
Tacx Flux Direct Drive
From: 513
Tacx Neo 2T Smart Trainer | Hometrainer
Tacx Neo 2T
Save: 6 %
From: 1,112
Trainer Tacx Neo Smart T2800 | Hometrainer
Tacx Neo Smart T2800
From: 1,015
Tacx Genius Smart Turbo Trainer | Hometrainer
Tacx Genius
From: 626
Tacx Neo Smart Turbo Trainer | Hometrainer
Tacx Neo
From: 874
Tacx Neo 2 Smart Trainer | Hometrainer
Tacx Neo 2
Save: 12 %
From: 889
Tacx Vortex Smart T2180 turbo trainer | Hometrainer
Tacx Vortex Smart T2180
From: 237
Tacx Flux 2 Turbo Smart Trainer | Hometrainer
Tacx Flux 2 Turbo
From: 641
Tacx Neo 2 Smart T2850 turbo trainer | Hometrainer
Tacx Neo 2 Smart T2850
From: 838
Tacx Flux Smart Cycling Turbo Trainer | Hometrainer
Tacx Flux Smart
From: 695
Tacx Flux 2 Smart Turbo Trainer | Hometrainer
Tacx Flux 2
From: 645
Tacx Flux S Turbo Smart Trainer | Hometrainer
Tacx Flux Turbo
From: 545
Return Tacx Bushido Smart Turbo Trainer | Hometrainer
Tacx Return Bushido
From: 268
Tacx Satori Smart T2400 turbo trainer | Hometrainer
Tacx Satori Smart T2400
From: 169
Tacx Flux 2 Direct Drive Smart Trainer | Hometrainer
Tacx Flux 2 Direct Drive
From: 685
Return Tacx Vortex Smart Turbo Trainer | Hometrainer
Tacx Return Vortex
From: 268
Tacx Flux S Smart Turbo Trainer | Hometrainer
Tacx Flux
From: 545
Tacx T1994 pulsb�lte til smart trainers | Hometrainer
Tacx T1994 pulsb�lte smart trainers
From: 43
Tacx Trolley for NEO Smart / Neo 2 Smart trainers | Hometrainer
Tacx Trolley NEO Smart Neo 2 Smart trainers
From: 129
Tacx Antares Roller Trainer | Hometrainer
Tacx Antares
From: 122
Tacx Flux 2 Smart T2980 Direct Drive Trainer | Hometrainer
Tacx Flux 2 Smart T2980 Direct Drive
From: 676
Tacx Flux S Smart T2900S Direct Drive Trainer | Hometrainer
Tacx Flux Smart T2900S Direct Drive
From: 507
Tacx Neo 2T Smart T2875 Direct Drive Trainer | Hometrainer
Tacx Neo 2T Smart T2875 Direct Drive
From: 1,133
TACX Trainer mat foldable | covers_hometrainer_component
Tacx foldable
From: 61
Tacx T2915 trainer mat | covers_hometrainer_component
Tacx T2915
From: 38
Tacx Galaxia Roller Trainer | Hometrainer
Tacx Galaxia
From: 218
Tacx Trainer Mat T2910 | covers_hometrainer_component
Tacx T2910
From: 36
BKOOL Smart Air Trainer | Hometrainer
Bkool Smart Air
From: 761
Wahoo KICKR Smart Trainer | Hometrainer
Wahoo KICKR
From: 1,070
Saris M2 Smart Trainer | Hometrainer
Saris M2
From: 408
BKOOL Smart Bike Trainer | Hometrainer
Bkool Smart
From: 1,192

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