M&A Deal Summary

Garmin Acquires Navionics

On October 27, 2017, Garmin acquired information services company Navionics

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

M&A Deal Summary

Date 2017-10-27
Target Navionics
Sector Information Services
Buyer(s) Garmin
Deal Type Add-on Acquisition

Target

Navionics

Massarosa, Italy
Navionics is a provider of global navigation charts and marine mobile navigation applications. Navionics was founded in 1984 and is based in Massarosa, Italy.

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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 20 of 27
Sector: Information Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 20 of 26
Country: Italy M&A 2 of 2
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 Alphamantis Technologies

Montreal, Quebec, Canada

Alphamantis Technologies, Inc. is a designer of aerodynamics testing and measurement technology for the cycling industry. Alphamantis Technologies, Inc. was established in 2011 and is headquartered in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-20 EmpirBus

Uddevalla, Sweden

Trigentic AB is a provider of an innovative and intelligent products, solutions and services in the areas of embedded systems, power supply and power distribution. Trigentic was founded in 2000 and is based in Uddevalla, Sweden.

Buy -