M&A Deal Summary

Garmin Acquires Iiyonet

On September 30, 2016, Garmin acquired distribution company Iiyonet

Acquisition Highlights
  • This is Garmin’s 8th transaction in the Distribution sector.
  • This is Garmin’s 1st transaction in Japan.

M&A Deal Summary

Date 2016-09-30
Target Iiyonet
Sector Distribution
Buyer(s) Garmin
Deal Type Add-on Acquisition

Target

Iiyonet

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

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 17 of 27
Sector: Distribution M&A 8 of 8
Type: Add-on Acquisition M&A Deals 17 of 26
Country: Japan M&A 1 of 1
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 DeLorme

Yarmouth, Maine, United States

DeLorme designs and markets consumer-based satellite tracking devices with two-way communication and navigational capabilities. One of its products is inReach, a series of two-way satellite communication devices. DeLorme is based in Yarmouth, Maine.

Buy -
FOLLOWING 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.

Buy -