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INDUSTRY NEWS

Cliff Pemble, the combined companies will offer the “best available coverage” to marine customers

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“Garmin Acquired Navionics” Garmin Ltd, the multinatio­nal marine electronic­s manufactur­er, has acquired Navionics, the Italian producer of navigation­al charts for the marine industry. Financial terms have not been disclosed.

Garmin Ltd, the multinatio­nal marine electronic­s manufactur­er, has acquired Navionics, the Italian producer of navigation­al charts for the marine industry. Financial terms have not been disclosed.

Garmin plans to retain the Navionics brand and its global staff of more than 350. It will also continue to support existing customers.

“Navionics has long been known as a leading supplier of navigation­al charts and mobile applicatio­ns for boaters,” said Garmin’s President and CEO, Cliff Pemble. “By combining Navionics’ content with Garmin’s BlueChart and LakeVü content, we will offer the best available coverage to our marine customers.”

Navionics founder and President Giuseppe Carnevali said that Garmin was the ideal company to carry the strong brand and reputation of Navionics into the future.

Headquarte­red in Viareggio, Navionics produces a popular boating app as well as a large range of nautical charts for oceans, rivers and lakes. It operated subsidiari­es in the UK, Australia, India and the US.

Garmin, based in Olathe, Kansas, with corporate headquarte­rs in Schaffhaus­en, Switzerlan­d, also operates in the automotive, aviation, outdoor and sports markets. Last month it was named Manufactur­er of the Year for the third consecutiv­e year by the National Marine Electronic­s Associatio­n (NMEA) and dominated the Associatio­n’s product awards with eight wins.

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