Garmin acquires MYLAPS, terms not disclosed

Garmin (GRMN) has acquired MYLAPS, a leading Dutch provider of integrated timing, live tracking and performance analysis tools that helps create the ultimate sports experience for millions of athletes and spectators. With operations in North America, Europe, Asia and Australia, MYLAPS supports elite brands and race management companies around the world with easy-to-use data-driven technology solutions for running, cycling, motor sports and equine competitions. MYLAPS is headquartered in Haarlem, the Netherlands, and globally employs more than 200 full-time associates. Financial terms will not be disclosed.