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Garmin acquires MYLAPS for enhanced sports solutions

Jul 29, 2025•5 months ago

Acquiring Company

Garmin Ltd

Acquired Company

Mylaps Sports Timing

OlatheHaarlemOtherInformation TechnologySoftwareSportsEvent Management

Description

Garmin Ltd. has acquired MYLAPS, a prominent Dutch sports timing company. This acquisition aims to integrate MYLAPS' advanced timing technologies with Garmin's offerings, enhancing the competitive experience for athletes. MYLAPS, founded in 1982, is known for innovative timing solutions in various sports. The deal signifies Garmin's commitment to advancing performance-focused technology.

Company Information

Company

Garmin Ltd

Location

Olathe, Kansas, United States

About

Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed