Add-on Acquisition • Technology Hardware

Garmin Acquires iKubu

On January 14, 2015, Garmin acquired technology hardware company iKubu

Acquisition Context
  • This is Garmin’s 2nd transaction in the Technology Hardware sector.
  • This is Garmin’s 1st transaction in South Africa.

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M&A Deal Summary

Date January 14, 2015
Target iKubu
Sector Technology Hardware
Buyer(s) Garmin
Deal Type Add-on Acquisition

Target Company

iKubu

Stellenbosch, South Africa
iKubu (Pty) Ltd. is a designer of computer vision and radar systems for the cycling market.
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Buyer Overview 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 Context for Buyer #
Overall 15 of 27
Sector: Technology Hardware 2 of 4
Type: Add-on Acquisition 15 of 26
Country: South Africa 1 of 1
Year: 2015 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 Fusion Electronics

Auckland, New Zealand

Fusion Electronics is a manufacturer and marketer of car and marine entertainment products. It offers a range of audio products and accessories, many of which are designed for use in a challenging marine environment.

Buy -
FOLLOWING 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 -