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 Vortex Smart Turbo Trainer | Hometrainer
Tacx Vortex
From: 240
Tacx Satori Smart Turbo Trainer | Hometrainer
Tacx Satori
From: 180
Tacx Bushido Smart Trainer | Hometrainer
Tacx Bushido
From: 250
Tacx Flux S Direct Drive Smart Trainer | Hometrainer
Tacx Flux Direct Drive
From: 513
Tacx Flux S Smart Trainer | Hometrainer
Tacx Flux
From: 475
Tacx Flux 2 Smart Trainer | Hometrainer
Tacx Flux 2
From: 611
Tacx Neo 2T Smart Trainer | Hometrainer
Tacx Neo 2T
From: 1,111
Tacx Neo 2 Smart Trainer | Hometrainer
Tacx Neo 2
From: 888
Tacx Flux 2 Direct Drive Smart Trainer | Hometrainer
Tacx Flux 2 Direct Drive
From: 684
Tacx Flux 2 Turbo Smart Trainer | Hometrainer
Tacx Flux 2 Turbo
From: 649
Tacx Neo Smart Trainer T2800 Ex Demo | Hometrainer
Tacx Neo T2800 Ex
From: 730
Tacx Neo Smart T8000 Bike Indoor trainer | Hometrainer
Tacx Neo Smart T8000
From: 2,196
Tacx Flux S Turbo Smart Trainer | Hometrainer
Tacx Flux Turbo
From: 549
Tacx T2875 NEO 2T Smart Direct Drive Trainer | Hometrainer
Tacx T2875 NEO 2T Smart Direct Drive
From: 1,109
Tacx Antares Roller Trainer | Hometrainer
Tacx Antares
From: 140
Elite Suito Smart Trainer | Hometrainer
Elite Suito
Save: 8 %
From: 579
Saris H3 Smart Trainer | Hometrainer
Saris H3
From: 851
Saris M2 Smart Trainer | Hometrainer
Saris M2
From: 408
Wahoo KICKR Smart Trainer | Hometrainer
Wahoo KICKR
Save: 94 %
From: 1,069
Tacx Trainer Mat T2910 | covers_hometrainer_component
Tacx T2910
From: 35
Tacx Foldable Trainer Mat | covers_hometrainer_component
Tacx Foldable
From: 44
Tacx Galaxia Roller Trainer | Hometrainer
Tacx Galaxia
Save: 27 %
From: 153
Tacx Booster Turbo Trainer | Hometrainer
Tacx Booster
From: 170
Tacx Satori Smart | Hometrainer
Tacx Satori Smart
From: 260
Tacx Flux 2 smart | Hometrainer
Tacx Flux 2 smart
From: 587
Tacx Neo Bike Smart | Hometrainer
Tacx Neo Smart
From: 2,239
Tacx Vortex Smart | Hometrainer
Tacx Vortex Smart
From: 327
Tacx T1402 Quick Release Tacx Trainer | misc_hometrainer_component
Tacx T1402 Quick Release
From: 4
Tacx Flux S Smart | Hometrainer
Tacx Flux Smart
From: 473
Kinetic Road Machine Smart Trainer | Hometrainer
Kinetic Machine
From: 252

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