Garmin acquires Italian marine navigation company

Garmin Ltd. has acquired Navionics SpA., an Italian company that creates electronic navigation charts for the marine industry.

Garmin CEO Cliff Pemble said the Olathe, Kansas-based company would combine Navionics’ content with Garmin’s own BlueChart and LakeVü mapping systems. In addition, Navionics will bring its repository of nautical charts for oceans, rivers and lakes, developed using the company’s surveys in the field and remotely.

“Navionics has long been known as a leading supplier of highly accurate navigational charts and mobile applications for boaters,” Pemble said in a release. “Going forward, we plan to retain the Navionics brand and will continue to support Navionics’ existing customers.”

Garmin stated it would continue to employ Navionics’ 350 employees worldwide. The company did not disclose the financial terms of the deal.

Read more: Kansas City Business Journal

Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students