Garmin acquires Navionics

Moderators: Mike M, Caudawg, Cooch, ash

Stratos278
Posts: 517
Joined: Mon Aug 06, 2007 8:01 pm
Location: Novato CA/Mabank TX
Contact:

Garmin acquires Navionics

Postby Stratos278 » Fri Oct 27, 2017 4:53 pm

Found this on another forum...

http://newsroom.garmin.com/press-releas ... -navionics

It's also up on the Navionics website:

https://www.navionics.com/usa/blog/
Jim C.

"Rip Some Lips!!!!"

Redwood Empire Bass Club
http://www.rebc.net

WB Staff
Posts: 5090
Joined: Thu Jan 26, 2012 10:56 am

Re: Garmin acquires Navionics

Postby WB Staff » Fri Oct 27, 2017 5:00 pm

Garmin® acquires Navionics®

Premier supplier of electronic navigational charts for mariners

Friday, October 27, 2017 8:00 am CDT


SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN) today announced that it has acquired Navionics S.p.A., a privately-held worldwide provider of electronic navigational charts and mobile applications for the marine industry.

“Navionics has long been known as a leading supplier of highly accurate navigational charts and mobile applications for boaters,” said Cliff Pemble, Garmin president and CEO. “By combining Navionics’ content with Garmin’s BlueChart® and LakeVü™ content, we will be able to offer the best available breadth and depth of coverage to our marine customers. Going forward, we plan to retain the Navionics brand and will continue to support Navionics’ existing customers.”

“Since our founding, Navionics has been passionate about creating products that enhance the boating experience,” said Giuseppe Carnevali, Navionics founder and president. “Garmin shares our passion for serving the marine industry, and is an ideal company to carry the strong brand and reputation of Navionics into the future.”

In addition to a popular boating app, Navionics has developed an extensive repository of nautical charts for oceans, rivers, and lakes. Many of these charts have been developed with Navionics’ proprietary surveys, done both in the field and with remote sensing such as satellite imagery and airborne laser scanners.

Navionics is headquartered in Viareggio, Italy, and employs more than 350 associates globally, who will be retained. Financial terms of the acquisition will not be released.

About Garmin

Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin and BlueChart are registered trademarks and LakeVü is a trademark of Garmin Ltd.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 31, 2016, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRe ... ports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.


Return to “Fishing”

Who is online

Users browsing this forum: Bing [Bot], MichaelB and 28 guests