Garmin completed the acquisition of MYLAPS.

Garmin, a sport technology company, completed the acquisition of MYLAPS, a technology company, providing automated sports timing and performance tracking solutions. Financial terms were not disclosed. "We are excited to bring MYLAPS and their trusted timing technologies into the Garmin family and believe the combination will transform the competitive experience for our passionate customers. Together, we look forward to setting a new standard for performance-focused training and race-day technology," Brad Trenkle, Garmin Co-COO.