Garmin Acquires Assets of iKubu (Developer of Backtracker Bike Radar)

January 14, 2015

Garmin Ltd. acquired the assets of iKubu (Pty) Ltd., a Stellenbosch-based developer of the Backtracker low-energy bike radar and related computer-vision/radar technology. Most former iKubu employees will join Garmin's South Africa subsidiary to continue R&D in Stellenbosch; financial terms were not disclosed.

Buyers
Garmin Ltd.
Targets
iKubu (Pty) Ltd.
Location
Western Cape, South Africa
Transaction Type
Buyout

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