Google to buy part of Fossil’s smartwatch technology for £31m

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Google is to take over part of fashion firm Fossil’s smartwatch technology in a 40 million dollar &lpar;£30&period;9 million&rpar; deal to bolster its wearable efforts&period;<&sol;p>&NewLine;<p>The agreement will cover some of the technology under development at Fossil Group&comma; as well as a portion of its research and development team – though Fossil says it remains committed to continue making smartwatches&comma; keeping more than 200 people&period;<&sol;p>&NewLine;<p>Texas-based Fossil Group has launched a range of smartwatches using Google’s Wear OS software from its range of brands and licensed brands&comma; which includes Michael Kors&comma; Diesel and Emporio Armani&period;<&sol;p>&NewLine;<p>The company said smartwatches have become its fastest growing category in recent years&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;124461" aria-describedby&equals;"caption-attachment-124461" style&equals;"width&colon; 600px" class&equals;"wp-caption aligncenter"><a href&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2019&sol;01&sol;C7AD0A69-2BE4-4443-B3DC-45B45019522F&period;jpeg"><img class&equals;"size-full wp-image-124461" src&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2019&sol;01&sol;C7AD0A69-2BE4-4443-B3DC-45B45019522F&period;jpeg" alt&equals;"" width&equals;"600" height&equals;"330" &sol;><&sol;a><figcaption id&equals;"caption-attachment-124461" class&equals;"wp-caption-text">Emporio Armani’s smartwatches are among the devices Fossil Group has produced &lpar;Emporio Armani&rpar;y<&sol;figcaption><&sol;figure>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2019&sol;01&sol;C7AD0A69-2BE4-4443-B3DC-45B45019522F&period;jpeg"> <&sol;a><&sol;p>&NewLine;<p>Wearables&comma; built for wellness&comma; simplicity&comma; personalisation and helpfulness&comma; have the opportunity to improve lives by bringing users the information and insights they need quickly&comma; at a glance&comma;” said Stacey Burr&comma; Google’s vice president of product management for Wear OS&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;The addition of Fossil Group’s technology and team to Google demonstrates our commitment to the wearables industry by enabling a diverse portfolio of smartwatches and supporting the ever-evolving needs of the vitality-seeking&comma; on-the-go consumer&period;”<&sol;p>&NewLine;<p>Google does not currently have a smartwatch device of its own and instead provides the software&comma; Wear OS&comma; which allows any individual manufacturer to adopt it and make use of Google’s other products like the Google Assistant for voice controls&comma; much like the Android smartphones&period;<&sol;p>&NewLine;<p>Its closest rival is Apple’s watchOS&comma; which is used exclusively on the Apple Watch range&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Fossil Group has experienced significant success in its wearables business by focusing on product design and development informed by our strong understanding of consumers’s needs and style preferences&comma;” said Greg McKelvey&comma; Fossil Group executive vice president&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We’ve built and advanced a technology that has the potential to improve upon our existing platform of smartwatches&period; Together with Google&comma; our innovation partner&comma; we’ll continue to unlock growth in wearables&period;”<&sol;p>&NewLine;<p>The deal between Google and Fossil Group is expected to close this month&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68e2d1ecc5807">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68e2d1ecc5807'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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