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M&A Deal Summary

Garmin Acquires Active

On May 11, 2017, Garmin acquired information technology company Active

Acquisition Highlights
  • This is Garmin’s 1st transaction in the Information Technology sector.
  • This is Garmin’s 1st transaction in Brazil.

M&A Deal Summary
Date 2017-05-11
Target Active
Sector Information Technology
Buyer(s) Garmin
Deal Type Add-on Acquisition

Target

Active

Guarulhos, Brazil
Active Corp. is a developer of crowd sourced rich content for boaters, marketed as ActiveCaptain. ActiveCaptain is a community-based, electronic marine database that contains near real-time information about marinas, anchorages, local points of interest, and marine hazards – most of which is user-generated – for cruising and sailing destinations around the world. The database boasts more than 250,000 users and can be accessed via web browser or a variety of mobile applications.

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Buyer(S) 1

Buyer

Garmin

Schaffhausen, Switzerland
Category Company
Founded 1989
Sector Electronics
Employees19,900
Revenue 6.3B USD (2024)
DESCRIPTION
Entrance to Garmin's flagship retail store on Michigan Avenue in Downtown Chicago, Illinois.
Entrance to Garmin's flagship retail store on Michigan Avenue in Downtown Chicago, Illinois.

Garmin and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications. Its 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.

DEAL STATS #
Overall 18 of 27
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 18 of 26
Country: Brazil M&A 1 of 1
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-30 Iiyonet

Fujimi, Japan

Iiyonet, Inc. is a distributor of consumer products in Japan. Iiyonet, Inc. is headquartered in Fujimi, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 Alphamantis Technologies

Montreal, Quebec, Canada

Alphamantis Technologies, Inc. is a designer of aerodynamics testing and measurement technology for the cycling industry. Alphamantis Technologies, Inc. was established in 2011 and is headquartered in Montreal, Quebec.

Buy -
Mergr

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