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 LakeV�� 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

Hopefully Lowrance and Humminbird will step up their chart imagery in order to compete.

Stick a nail in lowrances coffin!

Already use lakemaster which I think is better than navionics

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.