M&A Deal Summary

Garmin Acquires DeLorme

On February 11, 2016, Garmin acquired technology hardware company DeLorme

Acquisition Highlights
  • This is Garmin’s 3rd transaction in the Technology Hardware sector.
  • This is Garmin’s 5th transaction in the United States.
  • This is Garmin’s 1st transaction in Michigan.

M&A Deal Summary
Date 2016-02-11
Target DeLorme
Sector Technology Hardware
Buyer(s) Garmin
Deal Type Add-on Acquisition

Target

DeLorme

Yarmouth, Michigan, United States
DeLorme is a designer and marketer pf consumer-based satellite tracking devices with two-way communication and navigational capabilities.

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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 16 of 26
Sector (Technology Hardware) 3 of 5
Type (Add-on Acquisition) 16 of 25
State (Michigan) 1 of 1
Country (United States) 5 of 7
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-14 iKubu

Stellenbosch, South Africa

iKubu (Pty) Ltd. is a designer of computer vision and radar systems for the cycling market.

Buy -
FOLLOWING 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 -
Mergr

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