Following Pebble Acquisition, FitBit Buys Vector
Vector Watch today said it has been acquired by wearable market leader FitBit. Vector, based in Romania, made several smartwatches that rely on e-paper displays and boast 30-day battery life. Vector has a proprietary platform for its watches, rather than rely on the more widely-used Android Wear operating system. FitBit has acquired both the hardware and software businesses from Vector Watch. "We believe this is an important milestone as a moment when we will start building other new and amazing products, features and experiences, incorporating our unique technology and knowhow with Fitbit’s experience and global community," said Vector Watch in a blog post. Vector promised that the transition will go smoothly. Its watches will maintain all existing features and functions, but no new product features will be added to the platform. FitBit, which already has a wide array of fitness-focused wearables, bought smartwatch maker Pebble in December 2016. FitBit didn't provide its own comment on the Vector acquisition, but clearly it intends to use Pebble's and Vector's hardware/software assets to improve its own offerings in the wearable space. Terms of the transition were not disclosed.
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