M&A Deal Summary

Garmin Acquires Digital Cyclone

On January 5, 2007, Garmin acquired internet software and services company Digital Cyclone for 45M USD

Acquisition Highlights
  • This is Garmin’s 1st transaction in the Internet Software and Services sector.
  • This is Garmin’s largest (disclosed) transaction.
  • This is Garmin’s 1st transaction in the United States.
  • This is Garmin’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2007-01-05
Target Digital Cyclone
Sector Internet Software and Services
Buyer(s) Garmin
Deal Type Add-on Acquisition
Deal Value 45M USD
Advisor(s) Prestwick Partners LLC (Financial)

Target

Digital Cyclone

Chanhassen, Minnesota, United States
Digital Cyclone Inc. (DCI) is a developer and marketer of location-based services (“LBS”) for wireless devices. Digital Cyclone is a pioneer in the emerging LBS market, offering innovative wireless weather applications for consumers, businesses, outdoor enthusiasts and pilots.

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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 3 of 26
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 3 of 25
State (Minnesota) 1 of 1
Country (United States) 1 of 7
Year (2007) 2 of 7
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-03 EME Tec Sat SAS

Nanterre, France

EME Tec Sat SAS is a distributor of Garmin’s consumer products in France. Garmin France SAS was formerly known as EME Tec Sat SAS.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-28 Nautamatic Marine Systems

Newport, Oregon, United States

Nautamatic Marine Systems is a provider of marine autopilot technology that does not require a rudder-angle sensor. Nautamatic also offers ShadowDrive technology that lets boaters make manual course changes from the helm without disengaging the autopilot.

Buy -
Mergr

Product

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