Alberta-based 4iiii Innovations acquires STAC Performance
On May 7th, 4iiii Innovations Inc. announced their acquisition of STAC Performance, the creators of the award-winning STAC Zero Halcyon Smart Trainer. The acquisition brings together two companies that help serve cyclists and triathletes with a training trifecta consisting of power measurement, heart rate monitoring and indoor training.
Related: STAC Zero Halcyon: The perfect condo trainer
The STAC Zero trainer is said to be the world’s quietest bike trainer. 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, design and added value. “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.”
“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.”