Garmin acquires cyclist service provider Alphamantis

|About: Garmin Ltd. (GRMN)|By:, SA News Editor

Garmin (GRMN -0.6%) says it has acquired privately held Alphamantis Technologies, which develops technology allowing cyclists to test aerodynamics.

Terms weren't disclosed. Most associates will be retained, though, and remain in Montreal.

The company's a "perfect fit for our robust suite of bike products," says Garmin CEO Cliff Pemble.

Alphamantis offers typical cyclists the chance to test and refine drag coefficient without the time and expense of wind-tunnel testing.

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