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Garmin Steps Solidly Into Indoor Training Market With Tacx Acquisition

Garmin Steps Solidly Into Indoor Training Market With Tacx Acquisition

Shares of Garmin Ltd. jumped $12.09, or 17 percent, to $83.06 at market close Wednesday after the company earlier in the day reported fourth-quarter earnings well above Wall Street’s targets, driven in part by 25 percent growth in outdoor. But during the earnings call with analysts, it was Garmin’s recent acquisition of Tacx that caused the most excitement.

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