Intel today officially announced that it has completed its acquisition of basis for the smart watch Company

At this year's CES, Intel has made it clear that smart fitness devices will be one of its big plays this year. According to Theverge News, Intel today officially announced that it has completed its acquisition of basis for the smart watch company.

The basis company's smart watch was first released in 2013 and the second generation of watches was released one months ago. The same is recorded step and sleep information, beyond its competitors Fitbit and Jawbone is that basis watches rely on their optical sensors to record heartbeats, perspiration, and body temperature. The exact amount of the acquisition has not yet been announced, with a rumour of 100 million to 150 million dollars earlier this month.

Although basis is not part of the traditional business for old chip company Intel, last year Intel formed a team called "new equipment" dedicated to developing new products.

At CES this year, Intel is showing a range of reference devices, including smart watches and a headset with Siri features. Intel's goal is to attract more companies to participate in the production of such devices to boost chip sales.

The original basis company members will join the "new equipment" team after the acquisition. Mike Bell, director of new equipment at Apple and Palm executives, said the acquisition "opens a door to Intel's access to health-management wearable devices." The original basis team said in the blog, "with Intel technology, production, and globalization support, our products will go further." Intel says that while the original basis members continue to refine their smart watches, they will also start developing new wear equipment.