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Synopsis
Rhone Capital-backed Wahoo Fitness, a sensors, devices, and training software provider, completed the acquisition of RGT Cycling, a virtual cycling platform. Financial terms were not disclosed. “The acquisition of RGT Cycling and the launch of the new Wahoo X subscription service gives athletes more options, more convenience, and more control over how they train. With a single subscription and one account that works across the entire suite of Wahoo products, we’re able to deliver unprecedented value and a best-in-class experience that seamlessly integrates the Wahoo ecosystem of hardware and software solutions, allowing athletes to get the most out of their training, whether indoors or outdoors. And while the benefits are best realized through the Wahoo ecosystem, we’re committed to ensuring that our expanded offering of comprehensive training and virtual cycling software remains open and compatible with key industry players and standards. Athlete choice and freedom will continue to be at the heart of everything we do at Wahoo,” Mike Saturnia, Wahoo CEO.
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