OLATHE (dpa-AFX) - Garmin Ltd. (GRMN) reported acquiring the assets of privately-held iKubu (Pty) Ltd., a designer of computer vision and radar systems for the cycling market.
iKubu was in the final stages of developing the Backtracker low-energy bike radar, a device that provides unparalleled situational awareness by giving the cyclist the speed and distance of vehicles that are approaching from behind. The road is scanned by a rear-facing radar module that also doubles as a dynamically flashing caution light, and the information is sent wirelessly to a handlebar-mounted head unit.
Most of the former employees of iKubu would become employees of Garmin's existing division in South Africa and would continue to operate mainly as a research and development center based in Stellenbosch, South Africa.
Copyright RTT News/dpa-AFX