Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Top Stories > North Pole Engineering Acquires the Wahoo GEM Product Line

North Pole Engineering Acquires the Wahoo GEM Product Line

Published by Gbaf News

Posted on July 13, 2018

3 min read

Last updated: January 21, 2026

Devastating drought conditions in Europe affecting agriculture and shipping - Global Banking & Finance Review — The image illustrates the severe drought affecting Europe, showing parched landscapes and low water levels. This crisis, described in the article, disrupts agriculture, hydropower, and shipping routes.

North Pole Engineering acquires Wahoo GEM product line to expand its IoT product portfolio

North Pole Engineering (NPE), expert in connected fitness and IoT technologies today, announces the acquisition of Wahoo’s GEM product line. GEM is a Bluetooth and ANT+ OEM module built to integrate with fitness equipment like treadmills, stair climbers, rowers, exercise bikes, and ellipticals for sharing exercise data with smart phones, tablets and leaderboard systems for group workouts.

North Pole Engineering will be acquiring the assets and intellectual property related to the GEM products from Wahoo allowing it to support the needs of existing GEM customers and provide a foundation for future offerings focused on fitness and non-fitness applications.

“We have had a lot of success with our GEM over the past three years, but our consumer business has grown even faster due to the success of our Elemnt, Elemnt Bolt, and KICKR bike trainers,” said Chip Hawkins, Founder and CEO of Wahoo Fitness. “This divestiture will allow us to focus our resources and investments on products for our core cyclist, runner, and triathlete customers.”

“We are excited to add the GEM product line to our portfolio and it aligns well with IoT product strategy,” said Rick Gibbs, President of North Pole Engineering. “We look forward to serving existing GEM customers with their product needs as well as expanding the GEM capabilities to support other applications within and outside the fitness equipment industry.”

North Pole Engineering acquires Wahoo GEM product line to expand its IoT product portfolio

North Pole Engineering (NPE), expert in connected fitness and IoT technologies today, announces the acquisition of Wahoo’s GEM product line. GEM is a Bluetooth and ANT+ OEM module built to integrate with fitness equipment like treadmills, stair climbers, rowers, exercise bikes, and ellipticals for sharing exercise data with smart phones, tablets and leaderboard systems for group workouts.

North Pole Engineering will be acquiring the assets and intellectual property related to the GEM products from Wahoo allowing it to support the needs of existing GEM customers and provide a foundation for future offerings focused on fitness and non-fitness applications.

“We have had a lot of success with our GEM over the past three years, but our consumer business has grown even faster due to the success of our Elemnt, Elemnt Bolt, and KICKR bike trainers,” said Chip Hawkins, Founder and CEO of Wahoo Fitness. “This divestiture will allow us to focus our resources and investments on products for our core cyclist, runner, and triathlete customers.”

“We are excited to add the GEM product line to our portfolio and it aligns well with IoT product strategy,” said Rick Gibbs, President of North Pole Engineering. “We look forward to serving existing GEM customers with their product needs as well as expanding the GEM capabilities to support other applications within and outside the fitness equipment industry.”