Mergers and acquisitions

Fitbit acquires smartwatch maker Vector Watch

Vector Watch Face Contest winner - Runner-ups

The smartwatch market is going through rough times. Plummeting sales have hurt a number of manufacturers. It has also proven to be an opportunity for some other players. Just last month, Fitbit acquired Pebble in a bid “to accelerate the expansion of our platform and ecosystem to make Fitbit a vital part of daily life for a wider set of consumers.” […]

Fitbit acquires assets from Pebble

Pebble Core

Fitbit today confirmed rumours that started to swirl last week that it will acquire some of Pebble’s assets. It announced that is acquiring “specific assets” that include key personnel and intellectual property related to software and firmware development. As reported earlier, hardware is not part of the deal. “With basic wearables getting smarter and smartwatches adding health and fitness capabilities, we see […]

Pebble Time 2 and Core to be cancelled as Fitbit acquisition looms

Pebble 2 and Pebble Time 2

Rumours emerged last week that Fitbit was looking to acquire struggling smartwatch company Pebble. A new report yesterday shed new details. Citing people familiar with the matter, Bloomberg suggests that the buyout will focus on Pebble’s software assets. The deal reportedly includes job offers for about 40 percent of Pebble’s staff, mostly software engineers. Pebble staff in other roles, such as interface designer […]

Nokia completes Withings acquisition

Withings Activité Steel

Nokia today announced that its acquisition of Withings has closed “earlier than had been expected.” It had first announced its intention to acquire the French company back in late April in a bid to accelerate its entry into the wearables space. With the Withings acquisition, Nokia has established a new Digital Health business unit. It will bring together employees from Nokia Technologies’s preventive […]

Citizen Watch acquires Frederique Constant group

Citizen Watch Co.

Japan’s Citizen Watch Co. today announced that it will acquire Swiss-based Frédérique Constant Group. The acquisition covers not only the Frédérique Constant brand but also the Alpina and DeMonaco ones. “We have a great opportunity to expand the sales of Frederique Constant through our current distribution channels of Citizen branded watches, particularly in Japan and the U.S.” said Citizen Watch Co., Ltd CEO Toshio […]

Fitbit acquires Coin wearables payment platform

Fitbit Blaze

Future Fitbit wearables may not only track your health and fitness but also allow you to easily make mobile payments. The company today announced that it has acquired Coin’s wearable payment assets. These include key personnel and intellectual property specific to the wearables payment platform. “We are focused on making wearable devices that motivate people to reach their health and fitness goals, and that also make their lives easier with […]

Nokia acquires wearables company Withings for €170 million

Withings Activité Steel

There have been a number of recent hints recently that Nokia was looking to enter the wearables space. The company today confirmed these rumours with the announcement that it was acquiring wearable company Withings for €170 million (about US$191 or CA$242 million). Nokia expects that the move will allow it to “lead the next wave of innovation in digital health.” “We have said consistently that […]

ASICS to acquire FitnessKeeper, Runkeeper app developer

ASICS acquires Runkeeper

Athletic apparel companies are quickly moving into the fitness tracking app and wearable markets. UnderArmour buying up both Endomondo and MapMyFitness (and partnering last year with HTC) and Adidas buying Runtastic are but two recent examples. The latest to make a similar move is ASICS which announced today that it was acquiring FitnessKeeper, the company behind the fitness tracking app Runkeeper. With the addition […]