M&A Deal Summary

Garmin Acquires Nautamatic Marine Systems

On March 28, 2007, Garmin acquired marine company Nautamatic Marine Systems

Acquisition Highlights
  • This is Garmin’s 1st transaction in the Marine sector.
  • This is Garmin’s 2nd transaction in the United States.
  • This is Garmin’s 1st transaction in Oregon.

M&A Deal Summary
Date 2007-03-28
Target Nautamatic Marine Systems
Sector Marine
Buyer(s) Garmin
Deal Type Add-on Acquisition

Target

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.

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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 4 of 26
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 4 of 25
State (Oregon) 1 of 1
Country (United States) 2 of 7
Year (2007) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-05 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.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 GPS Gesellschaft für Professionelle Satellitennavigation

Gräfelfing, Germany

GPS Gesellschaft fur Professionelle Satellitennavigation GmbH is the exclusive distributor of Garmin's consumer products in Germany.

Buy -
Mergr

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