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."

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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 Flow Smart hometrainer | hometrainer Tacx Flow
from: 274 gbp
Tacx Boost Smart Trainer Bundle | hometrainer Tacx Boost
from: 199 gbp
Tacx Antares ruller | hometrainer Tacx Antares
from: 157 gbp
Tacx Galaxia Ruller | hometrainer Tacx Galaxia
from: 214 gbp
TACX Flux S Smart hometrainer | hometrainer Tacx Flux
from: 458 gbp
Tacx Booster hometrainer - 10 trins justerbar magnet modstand | hometrainer Tacx Booster
from: 227 gbp
TACX Neo Motion Plates | hometrainer Tacx Neo Motion Plates
from: 274 gbp
Tacx Neo 2T Smart Trainer | hometrainer Tacx Neo 2T
from: 991 gbp
Tacx Neo Motion Plate | hometrainer Tacx Neo Motion Plate
from: 273 gbp
TACX tablet-holder | hometrainer Tacx tablet-holder
from: 154 gbp
TACX Flux 2 Smart hometrainer | hometrainer Tacx Flux 2
from: 586 gbp
Tacx Flux S and LifeLine Pain Cave Bundle - EU | hometrainer LifeLine Flux
from: 613 gbp
Wahoo KICKR and LifeLine Pain Cave Starter Bundle | hometrainer Wahoo KICKR
save: 93 % from: 60 gbp
Wahoo KICKR Core and LifeLine Motion Bundle | hometrainer Wahoo KICKR Core
save: 34 % from: 524 gbp
Elite Suito T Direct Drive FE-C Turbo Trainer | hometrainer Elite Suito
save: 12 % from: 419 gbp
Saris H3 Direct Drive Smart Trainer | hometrainer Saris H3
save: 37 % from: 581 gbp
Elite Tuo Smart Turbo Trainer | hometrainer Elite Tuo
from: 298 gbp
Saris Fluid2 Smart Kit Trainer | hometrainer Saris Fluid2
from: 190 gbp
Wahoo KICKR SNAP | hometrainer Wahoo KICKR Snap
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Saris M2 - Hometrainer - 1500 watt | hometrainer Saris M2
from: 268 gbp
Elite Novo Force Deluxe - Hometrainer med tilbehørspakke - Hvid/Rød | hometrainer Elite Novo Force
from: 100 gbp
Wahoo KICKR CLIMB | hometrainer Wahoo KICKR Climb
from: 425 gbp
Saris Mag+ - Hometrainer - Justerbar - 5-Trins træner | hometrainer Saris Mag+
from: 125 gbp
Elite Arion - Træningsruller - Thermoplastik ruller | hometrainer Elite Arion
from: 185 gbp

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