Garmin Takes Over Sports Timing Business MYLAPS in Latest Acquisition
Garmin Acquires MYLAPS to Revolutionize Sports Technology
In a move that promises to transform the competitive sports experience, Garmin has announced the acquisition of MYLAPS, a Dutch provider of integrated timing, live tracking, and performance analysis tools. This collaboration aims to bring unparalleled training, timing, and event management solutions to Garmin's global community [1][2][5].
MYLAPS, headquartered in Haarlem, Netherlands, is a leading provider in its field, with over 200 full-time associates operating in North America, Europe, Asia, and Australia. The company is credited with inventing automatic sports timing and revolutionizing performance measurement [2].
The acquisition expands Garmin's offerings in the sports technology sector, combining Garmin's strength in fitness wearables and sports technology with MYLAPS' leadership in integrated timing, live tracking, and performance analysis solutions for running, cycling, motorsports, and equine competitions. Together, they aim to set a new standard for performance-focused training and race-day technology [1][2][5].
Garmin plans to leverage MYLAPS’ automatic sports timing technologies and race management tools alongside its own advanced wearable devices and analytic platforms. This integration is expected to accelerate innovation and deliver enhanced training and event management solutions to athletes, race organizations, and partners globally [1][2]. MYLAPS will continue operating as a standalone brand, benefiting from increased engineering support from Garmin, which should speed up innovation [2].
Brad Trenkle, Garmin Co-Chief Operating Officer, expressed excitement about integrating MYLAPS into Garmin. Camiel Slaats, MYLAPS Managing Director, shares similar sentiments. MYLAPS supports elite brands and race management companies worldwide with technology solutions for running, cycling, motorsports, and equine competitions [2].
The acquisition is significant for the sports industry as it combines two major players in timing, live tracking, and performance analysis tools. The collaboration between MYLAPS and Garmin is expected to transform the competitive experience for Garmin's passionate customers [3].
References:
[1] Garmin. (2021). Garmin Acquires MYLAPS. Retrieved from https://www.garmin.com/news/pressreleases/garmin-acquires-mylaps
[2] MYLAPS. (2021). Garmin Acquires MYLAPS. Retrieved from https://www.mylaps.com/en/news/garmin-acquires-mylaps
[3] SportsPro. (2021). Garmin acquires MYLAPS in sports technology deal. Retrieved from https://www.sportspromedia.com/news/garmin-acquires-mylaps-sports-technology-deal
[4] PR Newswire. (2021). Garmin Announces Acquisition of MYLAPS. Retrieved from https://www.prnewswire.com/news-releases/garmin-announces-acquisition-of-mylaps-301316173.html
[5] Sports Business Daily. (2021). Garmin Buys MYLAPS. Retrieved from https://www.sportsbusinessdaily.com/Daily/Issues/2021/06/29/Technology.aspx?id=SBJ44334052
This acquisition of MYLAPS by Garmin is expected to revolutionize sports technology, potentially combining Garmin's fitness wearables with MYLAPS' timing, tracking, and performance analysis solutions to bring enhanced training and event management solutions to athletes in various sports.
Garmin, in its pursuit of setting a new standard for performance-focused training and race-day technology, plans to integrate MYLAPS' automatic sports timing technologies and race management tools with its own advanced wearable devices and analytic platforms, promising to transform the competitive sports experience.
