Garmin Mergers and Acquisitions Summary

ElectronicsCompany

Garmin has acquired 25 companies, including 8 in the last 5 years. A total of 1 acquisition came from private equity firms.

Garmin’s largest acquisition to date was in 2007, when it acquired Digital Cyclone for $45M. Garmin has acquired in 5 different US states, and 15 countries. The Company’s most targeted sectors include distribution (32%) and technology hardware (20%).

Join Mergr and gain access to Garmin’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the electronics sector.

M&A Summary

  • M&A Total Activity25
    • M&A Buy Activity25
  • Total Sectors Invested 9
  • Total Countries Invested 15
  • M&A Buy/Sell Connections 2

Garmin

Garmin Ltd.

Muhlentalstrasse 2,
Schaffhausen, 8200
Switzerland,
+41 52 630 1600
www.garmin.com

Garmin and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 – most of which are enabled by GPS technology. Garmin’s products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin was founded in 1990 and is based in Schaffhausen, Switzerland.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.0/yr) # 20 2 1 1 - 1 25
vol $81M $81M
Sell (0.0/yr) # - - - - - - 0
  25

Most Recent M&A

Company Date Value Type
Vesper Marine 2022-01-03 - Add-on Acquisition
Auckland , New Zealand · www.vespermarine.com
Firstbeat Analytics Oy 2020-06-30 - Divestiture
Jyvaskyla, Finland
Tacx Onroerend en Roerend Goed B.V 2019-02-12 - Add-on Acquisition
Wassenaar, Netherlands · www.tacx.nl
Flight Plan LLC 2018-08-29 - Add-on Acquisition
, United States · www.flttrack.fltplan.com
Trigentic AB 2018-02-20 - Add-on Acquisition
Uddevalla, Sweden · www.empirbus.com
Navionics SpA 2017-10-27 - Add-on Acquisition
Massarosa, Italy · www.navionics.com
Alphamantis Technologies, Inc. 2017-07-20 - Add-on Acquisition
Montreal, Quebec · www.alphamantis.com
Active Corp. 2017-05-11 - Add-on Acquisition
Guarulhos, Brazil · www.activecorp.com.br
Iiyonet, Inc. 2016-09-30 - Add-on Acquisition
Fujimi, Japan · www.iiyo.net
DeLorme 2016-02-11 - Add-on Acquisition
Yarmouth, Michigan · www.delorme.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Garmin International, Inc.    - UPS Aviation Technologies, Inc. 2003-07-24 4
Olathe, Kansas Salem, Oregon

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 8 (32%) - - -
Technology Hardware 5 (20%) - - -
Electronics 2 (8%) 36M (44%) - -
Information Services 2 (8%) - - -
Information Technology 2 (8%) - - -
Internet Software and Services 2 (8%) 45M (56%) - -
Test/Measurement Equipment 2 (8%) - - -
Electrical Equipment 1 (4%) - - -
Marine 1 (4%) - - -
Total 25 $81M - -

By Geo

State/Country Buy Value Sell Value
United States 6 45M - -
  California 2 - - -
  Oregon 1 - - -
  Minnesota 1 45M - -
  Michigan 1 - - -
Canada 2 36M - -
  Quebec 1 - - -
  Alberta 1 36M - -
Finland 2 - - -
Germany 2 - - -
Italy 2 - - -
New Zealand 2 - - -
Belgium 1 - - -
Brazil 1 - - -
Denmark 1 - - -
France 1 - - -
Japan 1 - - -
Netherlands 1 - - -
South Africa 1 - - -
Spain 1 - - -
Sweden 1 - - -
Domestic - - - -
Cross-border 25 (100%) 81M (100%) - -
Total 25 $81M - -

Deal Values

buy # Total
< $100M 2 $81M
TOTAL $81M
Largest Digital Cyclone Inc.
$45M (2007-01-05)

M&A Connections

Deals
Acquired from
Investor(s)
4%
1 (4%)
Strategic(s)
4%
1 (4%)

 Subscribe to unlock this and 173,388
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.3K Private Equity Firms
  • 163K M&A Transactions
  • 169K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.4K M&A Advisors
    (Investment Banks and Law Firms)
  • 60K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.