Garmin Acquires Vesper Marine, A Leading Provider Of Marine Communication Equipment And Services

Jan 03, 2022•almost 4 years ago

Acquiring Company

Garmin Ltd

Acquired Company

Vesper Marine

OlatheOtherInformation TechnologySoftware

Description

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.

Company Information

Company

Garmin Ltd

Location

Olathe, Kansas, United States

About

Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

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Integration timeline

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Tech stack consolidation

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Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

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M&A deals with strong technology integration plans are 2.5x more likely to succeed

Garmin Acquires Vesper Marine, A Leading Provider Of Marine Communication Equipment And Services

Description

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Company Information