M&A Deal Summary

Garmin Acquires MYLAPS

On July 29, 2025, Garmin acquired internet software and services company MYLAPS from Nordian Capital Partners

Acquisition Highlights
  • This is Garmin’s 3rd transaction in the Internet Software and Services sector.
  • This is Garmin’s 2nd transaction in the Netherlands.

M&A Deal Summary

Date 2025-07-29
Target MYLAPS
Sector Internet Software and Services
Buyer(s) Garmin
Sellers(s) Nordian Capital Partners
Deal Type Add-on Acquisition

Target

MYLAPS

Haarlem, Netherlands
MYLAPS is a sports technology company that strives to provide the ultimate sports experience to athletes, sports competitions, and their followers. MYLAPS was formed in 1982 and is based in Haarlem, Netherlands.

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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 27 of 27
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 26 of 26
Country: Netherlands M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-07 JL Audio

Miramar, Florida, United States

JL Audio is a privately-held company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home and RV customers. JL Audio is based in Miramar, Florida.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Nordian Capital Partners is a private investment firm focused on acquiring majority stakes in Dutch companies. The Firm targets profitable (€3 to €15 million), growth-oriented companies and looks for situations where it can invest €10 to €50 million per transaction. Nordian does not have any sector preferences. Nordian Capital Partners was established in 2014 and is headquartered in Amsterdam.


DEAL STATS #
Overall 16 of 16
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 11 of 11
Country: Netherlands M&A 16 of 16
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-26 Maan Special Products

Raalte, Netherlands

Maan Special Products specializes in innovative adhesive technologies used in ultra-thin films and seals, serving high-tech industries such as semiconductors, medical, and analytical markets. Maan Special Products is based in Raalte, Netherlands.

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