Watch producer Vector Watch affirmed it has been procured by Fitbit. Money related terms of the arrangement were not unveiled by Vector. The organization says they will keep on maintaining the capacities and elements of its watches while a piece of Fitbit.
Fitbit couldn't be promptly gone after remark. Shares of Fitbit were down 4.5% in morning exchanging.
A month ago, Fitbit achieved an arrangement with smartwatch creator Pebble to secure resources identified with programming and firmware advancement. Likewise with the Pebble bargain, the Vector bargain bars equipment.
Fitbit to purchase resources of smartwatch creator Pebble
"Similarly as with our as of late reported obtaining of Pebble resources, Vector brings significant industry mastery that will quicken the improvement of new items, components and usefulness," said Fitbit in an announcement affirming the arrangement.
Smartwatches created early buzz when the primary rush of gadgets from organizations including Pebble, Apple and Samsung propelled. Be that as it may, customers haven't been persuaded of the need to claim a smartwatch.
Amid the second from last quarter, smartwatch shipments dove beyond 51%, as indicated by research firm IDC.