Garmin has acquired Alphamantis Technologies, a privately held designer of aerodynamics testing and measurement technology for the cycling industry. Financial terms of the acquisition were not released.
“Alphamantis is on the leading edge of aerodynamics analysis in the cycling world, and that makes the company a perfect fit for our robust suite of bike products,” said Cliff Pemble, Garmin’s President and CEO. “Aerodynamics is another way for cyclists to measure and improve their performance – something our customers crave.”
Alphamantis develops technology that allows cyclists to test and refine their drag coefficient in everyday riding conditions, ‘without having to use expensive and time-consuming wind tunnel testing’. A release from Garmin added that the majority of Alphamantis associates will be retained and will continue working in Montreal, Canada.
Commenting on the acquisition, the Alphamantis team released a statement…
We have an announcement to make… More than six years ago, we created Alphamantis Technologies with the mission of bringing aero technology to the masses. At the time, aero testing was considered a thing that only Olympic champions and Pro Tour winners would do. Aerodynamics was a mysterious and magical realm, known to only a special few.
Since then, the industry’s aerodynamic knowledge has greatly improved. Customers now have a deeper appreciation for the factors that shape their performance, and aerodynamics is no longer considered inaccessible. We’d like to think the work we did with our customers has added to the overall industry knowledge.
We love what we do, and the biggest surprise is how much fun we had along the way. We got to learn with customers who were every bit as geeky and driven as we were. And the best part is that we discovered our customers were great people. People we consider friends. We cheered their finishes, their personal bests, their podium placements, their Olympic medals, their world championships, and their hour records. Who wouldn’t be excited around such amazing people and their exploits?
And now comes a time for change. We’re spreading our wings and taking the next step in our maturation as a company. Alphamantis is being acquired by Garmin Ltd.
To all our customers, past and future: this is great news! It means that we get to combine our knowledge of cycling dynamics with that of a company with a proven track record of producing excellent consumer electronics. And, as we have been able to get to know Garmin better as a company we discovered that they’re great people, too! By combining the knowledge and experience of our two companies we believe we will be able to achieve our goal of providing some really cool products and services to our loyal customers… Stay tuned to this space and garmin.com for updates on the transition and what the future holds.
We’re really excited about the changes! And we’d like to thank all our customers and welcome you to join us for the next phase of our journey.