4iiii Innovations has acquired STAC Performance, creator of the STAC Zero Halcyon Smart Trainer. A release notes that.. ‘the acquisition brings together two disruptive companies serving the global sporting community and provides professional and amateur cyclists and triathletes with a perfect training trifecta consisting of power measurement, heart rate monitoring and indoor training.’
STAC Zero trainer is billed as the world’s quietest bike trainer. Led by avid triathlete, IRONMAN athlete and mechanical engineer Andrew Buckrell, the company has seen sales of the trainer in over 40 countries since its launch via Kickstarter in 2016. In 2018, the STAC Zero was awarded the EUROBIKE Award for its innovation, design and added value.
“We are happy to welcome STAC to the 4iiii family,” said Kip Fyfe, 4iiii President and CEO. “This extremely talented and creative team is a great fit with our company. I look forward to the big, bold ideas and to the growing portfolio of technologies that will come from this collaboration. We are excited to be expanding the tech footprint in Cochrane, Alberta, with this Waterloo, Ontario, acquisition.”
Sports and wearables innovator Kip Fyfe has devoted more than 25 years to the high tech and electronics industry. Prior to 4iiii, he was CEO and founder of Dynastream and ANT+, which were sold to Garmin in 2006.
“We have been simply blown away by the market’s response to the STAC Zero since we brought our trainer to market three years ago,” said STAC CEO Andrew Buckrell. “Joining 4iiii feels like the perfect marriage and presents us with a tremendous opportunity to grow.”
The financial terms of the agreement were not disclosed. The full STAC team will be relocating this summer to the 4iiii head-quarters in Cochrane, Alberta.
Based in Cochrane, Alberta, Canada, 4iiii produces: PRECISION, ‘the world’s lightest, most accurate family of powermeters’, and Viiiiva, a line of ‘versatile and dependable heart rate monitors’.