Garmin acquires Navionics, premier supplier of marine navigational charts
Summary
Garmin acquired Navionics, a supplier of electronic marine navigational charts and mobile applications. The combined chart content should expand coverage for Garmin’s marine customers across oceans, rivers, and lakes. Garmin plans to keep the Navionics brand and continue supporting existing customers. The deal strengthens Garmin’s marine software and mapping offering by adding Navionics’ proprietary survey data and chart repository.
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Fintech & Banking
applications
Geographic Information systems
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Navionics
$50M to $100M