Garmin has announced it is acquiring iKubu, a privately-owned designer of computer vision and radar systems for the cycling market based in South Africa. The financial terms of the acquisition have not been released. iKubu is working on the development of a backpack unit that tells cyclists the speed and distance of vehicles that are approaching from behind. A low-energy radar mounted on the rear of the bike scans the road and the information is sent wirelessly to a device mounted on the bike's handlebars. It can detect rear-approaching cars at a distance of 140 meters. Most of iKubu's employees will join Garmin's existing subsidiary in South Africa, where they will “continue to operate primarily as a research and development center,” the company says.
Related articles
-
OpinionCorporate social responsibility - could this be a way to reduce staff fluctuation?
There has been a culture change towards employment in my lifetime: no longer are workers expecting jobs for life. The change has already happened but is sparking something greater with those affected. My graduating students realize they need work skills and know that a period of attachment with a brand ...
-
ArticleCourt lifts Swedish sales ban after Hövding’s bankruptcy - but there's a catch
It’s hard to understand what has been happening in Sweden for several months on Hövding’s back. The company, which had developed and sold a very popular airbag collar for cyclists, had to file for bankruptcy shortly before Christmas because the Swedish Consumer Protection Agency had banned the sale of the ...
-
News briefsSwiss Stromer and US bike fintech offer e-bike leasing in the US
Stromer, the Swiss e-bike technology pioneer, has partnered with Colorado-based The Sweet Spot, a bicycle fintech company, to offer long-term e-bike leasing and management in the US. This new leasing option makes Stromer’s premium Class 3 commuter e-bikes accessible to even more riders, supporting the brand’s mission to shape the ...