Fitbit acquires Vector Watch, opens R&D centre in Bucharest

Tuesday 10 January 2017 | 14:38 CET | News
Wearables specialist Fitbit has acquired a part of the assets of UK-based smartwatch manufacturer Vector Watch and will open a centre for R&D and services in Romania's capital of Bucharest, writes local paper Ziarul Financiar citing Vector Watch founder and CTO, Andrei Pitis. Vector Watch was launched in March 2016 in the 'affordable luxury' smartwatch sector. It was acquired for its software platform and design team, Pitis told TechCrunch.com. The deal comes soon after Fitbit acquired smartwatch company Pebble in November 2016. The opening of the new company in Bucharest suggests that Fitbit

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Categories: Mobile & Wireless
Countries: Romania / World
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