SCHAFFHAUSEN, Switzerland—Garmin Ltd. (NASDAQ: GRMN) these days declared that it has acquired Navionics S.p.A., a privately-held worldwide provider of electronic navigational charts and mobile applications for the maritime industry.
“Navionics has long been recognised as a main provider of very correct navigational charts and mobile applications for boaters,” explained Cliff Pemble, Garmin president and CEO. “By combining Navionics’ information with Garmin’s BlueChart® and LakeVü™ information, we will be equipped to offer the greatest offered breadth and depth of coverage to our maritime buyers. Going ahead, we prepare to keep the Navionics manufacturer and will proceed to aid Navionics’ present buyers.”
“Since our founding, Navionics has been passionate about creating products that boost the boating experience,” explained Giuseppe Carnevali, Navionics founder and president. “Garmin shares our passion for serving the maritime industry, and is an excellent business to have the potent manufacturer and popularity of Navionics into the long term.”
In addition to a preferred boating application, Navionics has formulated an substantial repository of nautical charts for oceans, rivers, and lakes. A lot of of these charts have been formulated with Navionics’ proprietary surveys, finished both of those in the industry and with remote sensing these types of as satellite imagery and airborne laser scanners.
Navionics is headquartered in Viareggio, Italy, and employs additional than 350 associates globally, who will be retained. Economical conditions of the acquisition will not be unveiled.
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