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
Save: 16 %
From: 215
Tacx Vortex Smart Trainer | Hometrainer
Tacx Vortex
From: 223
Tacx Flux S Direct Drive Smart Trainer | Hometrainer
Tacx Flux
Save: 6 %
From: 492
Tacx Neo 2T Smart Trainer | Hometrainer
Tacx Neo 2T
Save: 6 %
From: 1,116
Tacx Neo 2 Smart Trainer | Hometrainer
Tacx Neo 2
From: 962
Tacx Flux 2 Direct Drive Smart Trainer | Hometrainer
Tacx Flux 2
From: 611
Tacx Neo Bike Smart Trainer - Fitness Bike - 2200 watt | Hometrainer
Tacx Neo Bike
From: 2,332
Saris M2 Smart Trainer | Hometrainer
Saris M2
From: 410
Elite Suito Smart Trainer | Hometrainer
Elite Suito
Save: 16 %
From: 635
Tacx Trainer Mat T2910 | covers_hometrainer_component
Tacx T2910
From: 37
Tacx Galaxia Roller Trainer | Hometrainer
Tacx Galaxia
From: 210
4iiii Fliiiight Smart Turbo Trainer | Hometrainer
4iiii Fliiiight
From: 490
Wahoo KICKR Smart Turbo Trainer | Hometrainer
Wahoo KICKR
Save: 10 %
From: 944
Tacx Trainer Mat Foam T2915 | covers_hometrainer_component
Tacx Foam T2915
From: 46
Xplova Noza S. Smart trainer | Hometrainer
Xplova Noza
From: 707
Tacx Neo Trolley Bag for Neo Smart/Neo 2 Smart Trainers | Travel bags
Tacx Neo Trolley Bag Neo Smart Neo 2 Smart Trainers
From: 179
Saris H3 Direct Drive Smart Trainer | Hometrainer
Saris H3
From: 824
Wahoo KICKR Core Smart Turbo Trainer | Hometrainer
Wahoo KICKR Core
Save: 5 %
From: 661
Saris M2 Wheel On Smart Trainer | Hometrainer
Cycleops Saris M2 On
From: 424
Elite Drivo II Smart Turbo Trainer | Hometrainer
Elite Drivo II
Save: 5 %
From: 989
JetBlack WhisperDrive Mk2 Smart Turbo Trainer | Hometrainer
Jetblack WhisperDrive
From: 916
Tacx Genius T2020 Virtual Reality Trainer | Hometrainer
Tacx Genius
From: 823
Tacx Trainer Axle for 10mm E-Thru | Quick release
Tacx Axle 10mm E-Thru
From: 18
Tacx Trainer Tire MTB T1395 32-559 | Tyres
Tacx Trainer Tire MTB 26
From: 23
Tacx Trainer Tyre Race 28 - Hometrainerd�k | Tyres
Tacx Hometrainerd�k
From: 22
Tacx Turbo Trainer Quick Release til baghjul | misc
Tacx Quick Release
From: 9
Tacx T2895 Trolley for Neo Smart and Neo 2 Smart | Travel bags
Tacx T2895 Trolley Neo Smart and Neo 2 Smart
From: 139
Tacx Turbo Trainer Quick Release Rear Skewer | misc_hometrainer_component
Tacx Quick Release Rear Skewer
From: 9

Your globale bike search engine

Seek amoung 100+ bike dealers and bike webshops Velomio guides and compares cycles and bike accessories for you.

Velomio.com collects all products and prices from the biggest webshops in the world, and we serve them to you in a nice design.
This means you can easily navigate between hundreds of webshops and find the products you need.

You are welcome to contact Velomio.com

info@velomio.com +45 51 55 89 66

Brands | Participation | Concept | Contact | Articles | | Follow us fb white logo