Tronic has acquired the fitness tracker and wearable company Fitbit, with plans to roll out a range of smart wearables and smart accessories across the next year.
The company is also working on a fitness tracker for Apple Watch and is looking at launching a smart watch in the near future.
In addition to Fitbit’s Fitbit Charge HR and Charge HR Pro, the acquisition will also include Fitbit Surge and Fitbit Wahoo.
Fitbit and Tronic also recently acquired the wearable company Jawbone.
The two companies announced the purchase at the start of the year.
Tronic CEO Eric Eiseman said the acquisition was a “transformational” move for the company.
“Tronic has a track record of bringing innovative products and services to the market that deliver differentiated experiences for our users,” he said.
“This acquisition provides Tronic with a great product portfolio and a proven track record for success.”
Tronic will remain headquartered in San Francisco, and will continue to operate its business from a separate office.
Eiseman will remain on the Tronic board, which he said is “the most powerful executive team in the company”.
Tricon’s board of directors includes Eismann, the company’s COO, and Paul DeLuca, its VP of global operations.
The company will also continue to grow its workforce and focus on building new products, and Eismann said Tronic would not be seeking new investors.