GRMN - Mergers and acquisitions

Acquisition adds performance tracking and race management solutions SCHAFFHAUSEN, Switzerland, July 29, 2025 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN) has acquired MYLAPS, a leading Dutch provider of integrated timing, live tracking and performance analysis tools that helps create the ultimate sports experience for millions of athletes and spectators. With operations in North America, Europe, Asia and Australia, MYLAPS supports elite brands and race management companies around the world with easy-to-use data-driven technology solutions for running, cycling, motor sports and equine competitions.

Company reports record third quarter consolidated revenue and operating income, and raises full year guidance SCHAFFHAUSEN, Switzerland, Oct. 30, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE:GRMN), today announced results for the third quarter ended September 28, 2024. Highlights for third quarter 2024 include: Consolidated revenue of $1.59 billion, a 24% increase compared to the prior year quarterGross and operating margins expanded to 60.0% and 27.6%, respectivelyOperating income of $437 million, a 62% increase compared to the prior year quarterGAAP EPS of $2.07 and pro forma EPS

Acquisition brings premium LED lighting solutions into Garmin's product portfolio OLATHE, Kan., Oct. 22, 2024 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN) today announced it has acquired Lumishore, a privately-held company that designs and manufactures high-performance above and underwater LED lighting systems for boats. "Lumishore brings an exciting new product category that complements Garmin's existing marine portfolio and furthers our ability to provide seamless vessel integration. As a technology leader in LED lighting, Lumishore will expand Garmin's innovative solutions all

JL Audio technology will be integrated into Garmin's marine segment OLATHE, Kan., Sept. 20, 2023 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN), today announced it has completed the acquisition of JL Audio, a privately-held U.S. company that designs and manufactures audio solutions, including speakers, amplifiers, subwoofers and other audio components for marine, aftermarket automotive, powersports, home and RV customers. "We are thrilled to welcome JL Audio to the Garmin team. JL Audio has a strong reputation for providing premium audio quality, and we are excited to integrate thes

Company reports record full year revenue and operating income and proposes dividend increase Garmin® Ltd. (NYSE:GRMN), today announced results for the fourth quarter and fiscal year ended December 25, 2021. Highlights for fourth quarter 2021 include: Record consolidated revenue of $1.39 billion, a 3% increase over the prior year quarter with three of our segments posting strong double digit growth Gross and operating margins were 55.5% and 22.6%, respectively Operating income of $315 million, a 15% decrease compared to the prior year quarter GAAP EPS was $1.48 and pro forma EPS(1) was $1.55 Garmin Descent Mk2i dive computer and Descent T1 transmitter named one of 2021's greatest

Product portfolio includes award-winning situational awareness and remote monitoring technology Garmin® Ltd. (NYSE:GRMN), today announced it has acquired Vesper Marine, a privately-held provider of AIS, VHF and vessel monitoring solutions for the marine industry. This acquisition is expected to bolster Garmin's industry-leading lineup of marine products and technology designed to provide peace of mind and enhanced situational awareness for boaters. With almost 15 years of experience, Vesper has developed a suite of communication products and solutions for power, sail and workboats, including the award-winning Cortex system. Cortex combines a state-of-the-art VHF radio with Vesper's unique

Wellteq Digital Health Inc. (CSE:WTEQ, OTCQB:WTEQF) increases its investment into sleep solution capabilities, as one of its four behavioural levers of health coaching. Wellteq has signed a perpetual license agreement for sleep chronotype assessments and education content from one of Asia Pacific's leading sleep technology companies. Wellteq intends to promptly integrate newly licensed sleep assets into the existing corporate health solution and accelerate development of clinical sleep solutions. Initial transaction terms have been adjusted downward from AU$600,000 to CA$70,000 to reflect the unrestricted perpetual license versus an acquisition. This license accelerates Wellteq's s

Company reports record second quarter revenue and operating income Garmin® Ltd. (NASDAQ:GRMN), today announced results for the second quarter ended June 26, 2021. Highlights for second quarter 2021 include: Total revenue of $1.33 billion, a 53% increase over the prior year quarter with double-digit growth in all segments Gross margin of 58.8% compared to 59.3% in the prior year quarter Operating margin improved to 28.0% compared to 21.7% in the prior year quarter Operating income of $371 million, a 97% increase over the prior year quarter GAAP EPS was $1.64 and pro forma EPS(1) was $1.68, representing 85% growth in pro forma EPS over the prior year quarter Garmin Autoland was

Acquisition expands reach into air transport services Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), today announced the acquisition of AeroData, Inc., a privately held, industry leading provider of aircraft performance software and services tailored to commercial and business aviation. AeroData's portfolio includes products such as runway analysis, takeoff and en route performance, weight and balance, automated passenger and cargo load planning, global airport obstacle database, around-the-clock NOTAM monitoring, and other customized software solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210525005

SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® International and Garmin Services, units of Garmin Ltd. (NASDAQ: GRMN), today announced the acquisition of substantially all the assets of GEOS Worldwide Limited and its subsidiaries. A privately held, industry leading provider of emergency monitoring and incident response services, GEOS Worldwide operates the International Emergency Response Coordination Center (IERCC), the nerve center for SOS rescue efforts triggered by Garmin’s inReach® personal satellite communicators. The IERCC’s skilled response coordinators have fielded more than 83,000 emergency incidents around the globe since 2007, including more than 5,000 SOS incidents