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#12480930 - 10/27/17 09:13 AM Garmin acquires Navionics
ring fry Offline
TFF Celebrity

Registered: 10/25/02
Posts: 5621
Loc: Fort Scott, Ks.
Wow!!





Garmin® acquires Navionics®







Premier supplier of electronic navigational charts for mariners









Friday, October 27, 2017 8:00 am CDT



Dateline:




SCHAFFHAUSEN, Switzerland




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Public Company Information:






NASDAQ:

GRMN

KYG372601099
.


"Navionics has long been known as a leading supplier of highly accurate navigational charts and mobile applications for boaters"




SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (NASDAQ: GRMN) today announced that it has acquired Navionics S.p.A., a privately-held worldwide provider of electronic navigational charts and mobile applications for the marine industry.

“Navionics has long been known as a leading supplier of highly accurate navigational charts and mobile applications for boaters,” said Cliff Pemble, Garmin president and CEO. “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. Going forward, we plan to retain the Navionics brand and will continue to support Navionics’ existing customers.”

“Since our founding, Navionics has been passionate about creating products that enhance the boating experience,” said Giuseppe Carnevali, Navionics founder and president. “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.”

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.

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.



SE Kansas grass grower


Edited by ring fry (10/27/17 09:16 AM)
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#12481000 - 10/27/17 10:11 AM Re: Garmin acquires Navionics [Re: ring fry]
T Bird Online   content
TFF Celebrity

Registered: 03/07/10
Posts: 5052
Loc: Temple, Texas USA
Hopefully Lowrance and Humminbird will step up their chart imagery in order to compete.

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#12481100 - 10/27/17 11:20 AM Re: Garmin acquires Navionics [Re: ring fry]
grout-scout Offline
TFF Celebrity

Registered: 12/08/08
Posts: 6363
Loc: Boerne, Texas
Stick a nail in lowrances coffin!

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#12481360 - 10/27/17 02:49 PM Re: Garmin acquires Navionics [Re: ring fry]
Bobby Milam Online   content
Extreme Angler

Registered: 07/13/14
Posts: 2957
Loc: Arlington
Already use lakemaster which I think is better than navionics

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#12481744 - 10/27/17 09:40 PM Re: Garmin acquires Navionics [Re: ring fry]
shut-up-and-fish Online   content
TFF Celebrity

Registered: 02/08/10
Posts: 9855
Loc: Lewisville Tx.

Garmin has always had there own mapping. Navionics was compatible with Lowrance and Humminbird. Lake Master with Humminbird is by far the best mapping available "if you have a Humminbird".

If it is true that Garmin purchased Navionics then I see Navionics going down hill even further than they have gone since the S6 cards.
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