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.
- Industry
- Consumer Products
- Location
- Western Cape, South Africa
- Transaction Type
- Buyout
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