Cybex Purchases Tectrix Fitness Equipment
Irvine-based Tectrix Fitness Equipment Inc., which makes computerized stationary bicycles and virtual reality fitness machines, has been purchased by a Massachusetts exercise equipment manufacturing company.
Cybex International Inc. said Friday that it acquired Tectrix, adding the company’s stair-climbing machines and stationary bikes to Cybex’s weight-training and cardiovascular equipment. Terms were not disclosed.
The pairing of the companies should be ideal, said Tectrix President Mike Benjamin. “There’s a lot of consolidation in the fitness industry,” he said. “By joining with Cybex, we’re able to have a complete line of products for our customers.”
Founded 10 years ago, privately held Tectrix merged in 1994 with Massachusetts-based CyberGear Inc., which developed the VR Bike--a virtual-reality aerobic-fitness machine that lets users pedal through computer-simulated environments.
Tectrix has grown steadily over the past decade, Benjamin said. Its most successful product has been its ClimbMax stair-climbing machine.
The company’s Irvine facility, which has about 100 employees, will serve as a showroom and as Cybex’s West Coast center for development, warehousing and distribution. There will be no layoffs.
Cybex stock closed Friday at $10.25, up 25 cents a share, on the American Stock Exchange.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
