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4iiii Acquires STAC Performance

2019 seems to be the year of acquisition in the smart trainer industry. Today, 4iiii Innovation announced its acquisition of STAC Performance, the creators of the STAC Zero Halcyon Smart Trainer.

We are happy to welcome STAC to the 4iiii family,” says Kip Fyfe, 4iiii President and CEO. “This extremely talented and creative team is a great fit with our company. I look forward to the big, bold ideas and to the growing portfolio of technologies that will come from this collaboration. We are excited to be expanding the tech footprint in Cochrane, Alberta with this Waterloo, Ontario acquisition

STAC makes the STAC Zero and STAC Zero Halcyon smart trainers. Led by avid triathlete, Ironman and mechanical engineer Andrew Buckrell, the company has seen sales of the trainer in over 40 countries since its launch via Kickstarter in 2016. In 2018, the STAC Zero was awarded the EUROBIKE Award for its innovation. and design.

The STAC team. From left: Art Hare, Andrew Buckrell, Shane Pegg

We have been simply blown away by the market’s response to the STAC Zero since we brought our trainer to market three years ago,” says STAC CEO Andrew Buckrell. “Joining 4iiii feels like the perfect marriage and presents us with a tremendous opportunity to grow.

Kip Fyfe, 4iiii President and CEO is no stranger to acquisitions. His former. company Dynastream and ANT+ were sold to Garmin in 2006. He since started 4iiii Innovation, a company known for its powermeters and heart rate monitors.

The terms of the agreement were not disclosed.  The full STAC team will be relocating this summer to 4iiii head-quarters in Cochrane Alberta.

As for STAC customers, this acquisition should provide the company with additional funding and resources to work on their Virtual Wind Tunnel and better compete and innovate in the indoor smart trainers market. The name STAC will probaby fold under the 4iiii brand.

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