M&A Deal Summary

Garmin Acquires Alphamantis Technologies

On July 20, 2017, Garmin acquired test/measurement equipment company Alphamantis Technologies

Acquisition Highlights
  • This is Garmin’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Garmin’s 2nd transaction in Canada.
  • This is Garmin’s 1st transaction in Quebec.

M&A Deal Summary
Date 2017-07-20
Target Alphamantis Technologies
Sector Test/Measurement Equipment
Buyer(s) Garmin
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Garmin

Schaffhausen, Switzerland
Category Company
Founded 1989
Sector Electronics
Employees19,900
Revenue 5.2B USD (2023)
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 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.

DEAL STATS #
Overall 19 of 26
Sector (Test/Measurement Equipment) 2 of 2
Type (Add-on Acquisition) 19 of 25
State (Quebec) 1 of 1
Country (Canada) 2 of 2
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-11 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Navionics

Massarosa, Italy

Navionics is a provider of global navigation charts and marine mobile navigation applications. Navionics was founded in 1984 and is based in Massarosa, Italy.

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