#Switzerland #Sports Technology #Garmin #Schaffhausen #MYLAPS

Garmin Makes Strategic Move by Acquiring MYLAPS

In a significant advancement for the sports technology industry, Garmin Ltd. (NYSE: GRMN) has successfully acquired MYLAPS, a renowned Dutch firm specialized in integrated timing, live tracking, and performance analysis solutions for athletes. The acquisition, announced on July 29, 2025, signifies an expanded commitment by Garmin to enhance the overall sports experience for millions of athletes and fans worldwide.

About MYLAPS

Founded in 1982, MYLAPS has long been a pioneer in sports timing technology, creating innovative solutions that revolutionized how athletes, event organizers, and spectators gauge performance. With a global presence that includes operations in North America, Europe, Asia, and Australia, MYLAPS collaborates with elite brands and race management companies to provide intuitive, data-driven tracking solutions for various sports including running, cycling, motorsports, and even equine events.

Brad Trenkle, Garmin's Co-Chief Operating Officer, expressed great enthusiasm about the integration of MYLAPS into Garmin's umbrella of technologies. He stated, "We are excited to bring MYLAPS and their trusted timing technologies into the Garmin family and believe the combination will transform the competitive experience for our passionate customers. Together, we look forward to setting a new standard for performance-focused training and race-day technology."

Transforming the Competitive Landscape

The strategic alignment between Garmin and MYLAPS is set to redefine the way athletes train and compete. By combining Garmin's extensive technical expertise with MYLAPS’ established innovations in performance tracking, both companies aim to create unparalleled solutions geared towards enhancing both training and race-day experiences. As highlighted by Camiel Slaats, Managing Director of MYLAPS, this partnership promises to deliver exceptional timing and event management solutions to Garmin’s extensive global community, which is keenly focused on performance.

The Future of Sports Technology

This acquisition not only expands Garmin's offerings but also brings together two companies unified by a passion for sports and technology. MYLAPS’ proven track record and deep-rooted connections in the sports community complement Garmin's existing portfolio of cutting-edge devices aimed at outdoor and fitness enthusiasts. This collaboration is expected to foster innovation and further advance the functionality available to athletes and event organizers alike.

As Garmin leads the market with its engineered products designed for outdoor adventures—spanning aviation, automotive, fitness, marine, and outdoor markets—this acquisition marks another milestone in the company's journey of continuous improvement. With a philosophy that sets everyday opportunities for innovation, Garmin demonstrates its commitment to helping individuals maximize every moment spent pursuing their interests.

Looking Ahead

The financial details of this acquisition remain undisclosed, yet the implications of integrating MYLAPS’ innovative solutions into Garmin’s ecosystem are immense. Garmin's integration of these technologies reflects its dedication to evolving with the industry's demands and setting benchmarks that empower athletes at all levels. Garmin continues to push boundaries, and as the sports technology landscape evolves, the potential for enriched experiences for athletes and spectators alike is boundless.

Conclusion

Garmin's acquisition of MYLAPS presents a powerful alliance within the realm of sports technology. As they chart a path toward innovation and excellence, both companies look forward to improving how athletes train, compete, and analyze their performance metrics. This partnership not only bolsters Garmin’s standing in the industry but also enhances its overall value proposition to active individuals and organizations globally.