Suunto Acquires Tacktick

Suunto, the manufacturer of sports precision instruments owned by Amer Sports Group, announced the acquisition of UK-based Tacktick Ltd, manufacturer of wireless marine sensors, instruments and displays. Terms were not disclosed. No changes are envisioned with the 14 Tacktick employees at Tacktick Ltd and Tacktick SARL following the acquisition. 

 

Tacktick has a range of wireless instruments designed specifically for dinghies, sports boats, cruising and racing yachts. The product range utilizes low power wireless technology that allows the units to function using solar power. Tacktick was formed in 1996 by joint managing directors Clive and Mark Johnson, and developed the world's first wireless networking electronics system, Micronet, in 2003.


Tacktick founders Clive and Mark Johnson said the company sees the acquisition a “logical step to growing the wireless marine sector,” and gives the two organizations the opportunity to share technologies. “We are looking forward to developing Suunto’s marine business worldwide as well as exploring technology synergies within the huge range of Amer Sports companies,” they commented.


“The acquisition of Tacktick is a key step in securing the cornerstones of the Suunto brand and it nicely enhances Suunto’s brand as a quality marine instrument manufacturer,” said Suunto President Juha Pinomaa. “We plan to utilize distribution synergies between Suunto and Tacktick to strengthen our presence in the marine market.

 

The combined strength of Suunto and Tacktick’s technologies will accelerate the development of new innovative marine applications while also offering possibilities to expand the solar power technologies to other areas of sports electronics within Suunto and Amer Sports Group.”

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Suunto Acquires Tacktick


Suunto, the manufacturer of sports precision instruments owned by Amer Sports Group, announced the acquisition of UK-based Tacktick Ltd, manufacturer of wireless marine sensors, instruments and displays. Terms were not disclosed.


 


No changes are envisaged with the 14 Tacktick employees at Tacktick Ltd and Tacktick SARL following the acquisition.


 


Tacktick has a range of wireless instruments designed specifically for dinghies, sports boats, cruising and racing yachts. The product range utilizes low power wireless technology that allows the units to function entirely using solar power. This enables extremely fast and flexible installation and allows for the seamless addition of extra instruments at any stage. It was formed in 1996 by joint managing directors Clive and Mark Johnson, and developed the world's first wireless networking electronics system, Micronet, in 2003.


 


“The acquisition of Tacktick is a key step in securing the cornerstones of the Suunto brand and it nicely enhances Suunto’s brand as a quality marine instrument manufacturer,” said the Suunto President Juha Pinomaa. Tacktick. “The preferred brand among top sailors and gold medallists, fits well under the portfolio of other Suunto sports instruments for top athletes. We plan to utilise distribution synergies between Suunto and Tacktick to strengthen our presence in the marine market. The combined strength of Suunto and Tacktick’s technologies will accelerate the development of new innovative marine applications while also offering possibilities to expand the solar power technologies to other areas of sports electronics within Suunto and Amer Sports Group.”


 


“We are delighted with this acquisition and see it as a logical step to growing the wireless marine sector as well as giving us the opportunity to share technologies within the extensive Amer Sports Group. We are looking forward to developing Suunto’s marine business worldwide as well as exploring technology synergies within the huge range of Amer Sports companies,” said the Tacktick founders Clive and Mark Johnson.


 


Suunto's introduction to the marine industry began more than 40 years ago with a range of innovative tactical compasses. Suunto's marine instrument business includes a complete range of high quality marine compasses, as well as a range of robust marine wristops that provide compass, barometer and timing functionalities for cruising and racing sailors.

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Thomas J. Ryan

Thomas J. Ryan Senior Business Editor | SGB Media tryan@sgbonline.com | 917.375.4699

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