Google has consented to pay $40 million for the smartwatch technology of the fashion and accessory group Fossil, the organizations said on Thursday, empowering the California tech Goliath to extend in the developing wearable tech market.
While the organizations have not uncovered much about the technology being referred to, there is motivation to trust it is wellbeing or health related.
Be that as it may, Fossil will hold a R&D group with more than 200 individuals and continue making smart watches, which it notes have turned into the organization’s quickest developing item class as of late.
The move would give Google the possibility to make its very own marked smart watches to contend with Apple, Fitbit and others in the wearable tech space.
“Wearables, built for wellness, simplicity, personalization and helpfulness, have the opportunity to improve lives by bringing users the information and insights they need quickly, at a glance,” said Stacey Burr, a vice president at Google Wear OS division.
We can even expect the Pixel watch to dispatch by late 2019. All things considered, If Google figures out how to upgrade the product for low-fueled equipment, then the Pixel watch will turn out to be a decent Apple Watch elective.
Fossil moved into smart watches in 2015 with a $260 million obtaining of Misfit, a tech stage made by previous Microsoft scientist Sonny Vu and onetime Apple CEO John Sculley.
“We’ve built and advanced a technology that has the potential to improve upon our existing platform of smartwatches. Together with Google, our innovation partner, we’ll continue to unlock growth in wearables.” Greg McKelvey, chief strategy and digital officer at Fossil, said in the statement.
The transaction is required to be finished for the current month, albeit neither one of the companies would uncover when precisely, we’re probably going to see items from the arrangement develop.