Garmin acquires Navionics


 
 
02:22 10/28/2017

Garmin Ltd. GRMN  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 possesses one of the world’s most popular boating apps. In addition, Navionics has developed an extensive repository of nautical charts for oceans, rivers, and lakes.

“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,” he continued.

“Since our founding, Navionics has been passionate about creating products that enhance the boating experience,” said Giuseppe Carnevali, Navionics founder and president.

He added, “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.”

Navionics is headquartered in Viareggio, Italy, and employs more than 350 associates globally, who will be retained.


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