Garmin buys Navionics marine-chart business
The big electronics company has acquired the respected cartography companyGarmin Ltd has announced it has acquired Navionics S.p.A., a privately-held worldwide provider of electronic navigational charts and mobile applications for the marine industry.
Cliff Pemble, Garmin president and CEO, said the company plans to retain the Navionics brand and will continue to support Navionics’ existing customers.
"Navionics has long been known as a leading supplier of highly accurate navigational charts and mobile applications for boaters," Pemble said.
"By combining Navionics’ content with Garmin’s BlueChart and LakeVü content, we will be able to offer the best available breadth and depth of coverage to our marine customers."
In addition to a popular boating app, Navionics has developed an extensive repository of nautical charts for oceans, rivers, and lakes.
Many of these charts have been developed with Navionics’ proprietary surveys, done both in the field and with remote sensing such as satellite imagery and airborne laser scanners.
Giuseppe Carnevali, Navionics founder and president, said Navionics has been committed to creating products that enhance the boating experience.
"Garmin shares our passion for serving the marine industry, and is an ideal company to carry the strong brand and reputation of Navionics into the future.
Navionics is headquartered in Viareggio, Italy, and employs more than 350 associates globally, who will be retained. Financial terms of the acquisition will not be released.
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