North Pole Engineering acquires Wahoo GEM product line to expand its IoT product portfolio
(Minneapolis, MN – July 9, 2018)- North Pole Engineering (NPE), an expert in connected fitness and IoT technologies today announces the acquisition of Wahoo’s GEM product line. GEM is a Bluetooth and ANT+ OEM module that was purpose built to integrate with fitness equipment such as treadmills, stair climbers, rowers, exercise bikes, and elipticals for sharing exercise data with smart phones, tablets and leaderboard systems for group workouts.
North Pole Engineering will be acquiring the assets and intellectual property related to the GEM products from Wahoo allowing it to support the needs of existing GEM customers and provide a foundation for future offerings focused on fitness and non-fitness applications.
“We have had a lot of success with our GEM over the past three years, but our consumer business has grown even faster due to the success of our Elemnt, Elemnt Bolt, and KICKR bike trainers,” said Chip Hawkins, Founder and CEO of Wahoo Fitness. “This divestiture will allow us to focus our resources and investments on products for our core cyclist, runner, and triathlete customers.”
“We are excited to add the GEM product line to our portfolio and it aligns well with IoT product strategy,” said Rick Gibbs, President of North Pole Engineering. “We look forward to serving existing GEM customers with their product needs as well as expand the GEM capabilities to support other applications within and outside the fitness equipment industry”
For questions related to North Pole Engineering, please contact Jim Meyer at 612-305-0440 or by email: firstname.lastname@example.org
For questions related to Wahoo, please contact Kevin Rouse at 408-772-9902 or by email: email@example.com.
About North Pole Engineering
North Pole Engineering (NPE) is an Internet of Things product and engineering services company. For over 20 years, NPE has specialized in providing sensors and enabling technologies to companies across a wide range of vertical markets including sports, fitness, and wellness. Our goal is to help clients integrate cost-effective technology for their sensor-based products and systems to efficiently move data to the Internet where it can be used to enhance operations, reduce costs, and improve client experiences. Learn more about our GEM Bluetooth/ANT+ Modules, WASP IoT gateway, CABLE, BLAST, iOS, and Android applications, and engineering services at www.npe-inc.com.
About Wahoo Fitness
Located in Atlanta, GA., Wahoo Fitness has created a full ecosystem of sensors and devices for the runner, cyclist or general fitness enthusiast. Wahoo Fitness’s award-winning line of Bluetooth Smart products include the KICKR and KICKR SNAP indoor bike trainers, the ELEMNT, ELEMNT BOLT, and ELEMNT MINI smart bike computers, the world’s first smartphone connected bike computers, and the TICKR family of chest-based wearables. The TICKR family, composed of the TICKR, TICKR Run and TICKR X, combine heart rate training with advanced motion analytics. Learn more about Wahoo’s full line of products at www.wahoofitness.com.