M&A Deal Summary

Garmin Acquires Navigon AG

On June 14, 2011, Garmin acquired information services company Navigon AG from General Atlantic

Acquisition Highlights
  • This is Garmin’s 1st transaction in the Information Services sector.
  • This is Garmin’s 2nd transaction in Germany.

M&A Deal Summary

Date 2011-06-14
Target Navigon AG
Sector Information Services
Buyer(s) Garmin
Sellers(s) General Atlantic
Deal Type Add-on Acquisition

Target

Navigon AG

Hamburg, Germany
NAVIGON AG is a German navigation company. NAVIGON provides GPS navigation for PNDs, smartphones and other platforms. NAVIGON develops software for all relevant operating systems. NAVIGON was established in 1991, with subsidiaries in, Europe, Asia and North America.

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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 12 of 27
Sector: Information Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 12 of 26
Country: Germany M&A 2 of 2
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-21 MetriGear

Santa Clara, California, United States

MetriGear, Inc. is the creator of a new pedal-based power solution for cycling.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-14 Interphase Technologies

Soquel, California, United States

Interphase Technologies manufactures phased array scanning sonars, depthsounders, and navigation electronics.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


DEAL STATS #
Overall 44 of 166
Sector: Information Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 16 of 50
Country: Germany M&A 4 of 9
Year: 2011 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Citco

Grand Cayman, Cayman Islands

Citco is a provider of administrative and trade processing services for hedge funds, private equity and real estate firms, institutional banks, Global 1000 companies, and high net worth individuals. Citco was founded in 1948 and is based in Grand Cayman, Cayman Islands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-18 Align Networks

Jacksonville, Florida, United States

Align Networks is a provider of physical therapy services for the worker's compensation industry. Align's clients benefit from consistent case management support, improved efficiency, and reduced costs. Align Networks was formed in 2005 and is based in Jacksonville, Florida.

Buy -