Today Fitbit has announced that they have a made a new acquisition to further their wearables and smartwatch line ups.
With this news, they have announced that they have officially acquired Vector Watch for a yet to be disclosed price.
As part of the acquisition, the team from Vector Watch will be joining Fitbit and their software platform will also be transferred to Fitbit, allowing them to further their wearable design.
Vector Watch said the following about it:
Today, we are happy to announce that the Vector Watch team and our software platform are joining Fitbit, the leader in the connected health and fitness market! 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.
Our aim is to make our integration in the Fitbit family as seamless as possible with no impact on you, our customers. Our smartwatches will maintain functionalities and features. You will continue to enjoy the Vector Watch experience: a 30-day battery life smartwatch, with customizable watch-faces and dedicated streams. However, new product features (software and hardware) will not be added.
You can also find out more details about the acquisition at the source link below.
Source: Vector Watch