Garmin Ltd. (NASDAQ: GRMN) today appear that it has acquired Navionics S.p.A., a privately-held common provider of cyberbanking abyssal archive and adaptable applications for the abyssal industry.
“Navionics has continued been accepted as a arch supplier of awful authentic abyssal archive and adaptable applications for boaters,” said Cliff Pemble, Garmin admiral and CEO. “By accumulation Navionics’ agreeable with Garmin’s BlueChart® and LakeVü™ content, we will be able to action the best accessible across and abyss of advantage to our abyssal customers. Going forward, we plan to absorb the Navionics cast and will abide to abutment Navionics’ absolute customers.”
“Since our founding, Navionics has been amorous about creating articles that enhance the canoeing experience,” said Giuseppe Carnevali, Navionics architect and president. “Garmin shares our affection for confined the abyssal industry, and is an ideal aggregation to backpack the able cast and acceptability of Navionics into the future.”
In accession to a accepted canoeing app, Navionics has developed an all-encompassing athenaeum of abyssal archive for oceans, rivers, and lakes. Many of these archive accept been developed with Navionics’ proprietary surveys, done both in the acreage and with alien analysis such as accessory adumbration and aerial laser scanners.
Navionics is headquartered in Viareggio, Italy, and employs added than 350 assembly globally, who will be retained. Financial agreement of the accretion will not be released.
Garmin Ltd. is congenital in
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