Garmin - M&A Summary and Business Overview

ElectronicsCompany

Garmin M&A Summary

Garmin has acquired 26 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.

Garmin’s largest acquisition to date was in 2007, when it acquired Digital Cyclone for $45M. Garmin has acquired in 6 different US states, and 15 countries. The Company’s most targeted sectors include distribution (31%) and technology hardware (16%).

Garmin Business Overview

Where is Garmin headquartered?

Garmin is headquartered in Schaffhausen, Switzerland.

What is Garmin’s revenue?

Garmin disclosed revenue of 6,297M USD for 2024 and 5,228M USD for 2023.

How many employees does Garmin have?

Garmin has 19,900 employees.

What sector is Garmin in?

Garmin is an electronics company.

When was Garmin founded?

Garmin was founded in 1989.

M&A Summary

  • M&A Total Activity26
    • M&A Buy Activity26
  • Total Sectors Invested 9
  • Total Countries Invested 15
  • M&A Buy/Sell Connections 2

Garmin

Garmin Ltd.

Muhlentalstrasse 2,
Schaffhausen, 8200
Switzerland,
+41 52 630 1600
www.garmin.com

Garmin and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications. Its products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin was founded in 1990 and is based in Schaffhausen, Switzerland.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.4/yr) # 24 - 1 1 - - 26
vol $81M $81M
Sell (0.0/yr) # - - - - - - 0
  26

Most Recent M&A

Company Date Value Type
JL Audio, Inc. 2023-08-07 - Add-on Acquisition
Miramar, Florida · www.jlaudio.com
Vesper Marine 2022-01-03 - Add-on Acquisition
Auckland , New Zealand · www.vespermarine.com
Firstbeat Analytics Oy 2020-06-30 - Divestiture
Jyvaskyla, Finland
Tacx Onroerend en Roerend Goed B.V 2019-02-12 - Add-on Acquisition
Wassenaar, Netherlands · www.tacx.nl
Flight Plan LLC 2018-08-29 - Add-on Acquisition
, United States · www.flttrack.fltplan.com
Trigentic AB 2018-02-20 - Add-on Acquisition
Uddevalla, Sweden · www.empirbus.com
Navionics SpA 2017-10-27 - Add-on Acquisition
Massarosa, Italy · www.navionics.com
Alphamantis Technologies, Inc. 2017-07-20 - Add-on Acquisition
Montreal, Quebec · www.alphamantis.com
Active Corp. 2017-05-11 - Add-on Acquisition
Guarulhos, Brazil · www.activecorp.com.br
Iiyonet, Inc. 2016-09-30 - Add-on Acquisition
Fujimi, Japan · www.iiyo.net
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Garmin International, Inc.    - UPS Aviation Technologies, Inc. 2003-07-24 4
Olathe, Kansas Salem, Oregon

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 8 (31%) - - -
Electronics 4 (15%) 36M (44%) - -
Technology Hardware 4 (15%) - - -
Information Services 2 (8%) - - -
Information Technology 2 (8%) - - -
Internet Software and Services 2 (8%) 45M (56%) - -
Test/Measurement Equipment 2 (8%) - - -
Electrical Equipment 1 (4%) - - -
Marine 1 (4%) - - -
Total 26 $81M - -

By Geo

State/Country Buy Value Sell Value
United States 7 45M - -
  California 2 - - -
  Oregon 1 - - -
  Minnesota 1 45M - -
  Maine 1 - - -
  Florida 1 - - -
Canada 2 36M - -
  Quebec 1 - - -
  Alberta 1 36M - -
Finland 2 - - -
Germany 2 - - -
Italy 2 - - -
New Zealand 2 - - -
Belgium 1 - - -
Brazil 1 - - -
Denmark 1 - - -
France 1 - - -
Japan 1 - - -
Netherlands 1 - - -
South Africa 1 - - -
Spain 1 - - -
Sweden 1 - - -
Domestic - - - -
Cross-border 26 (100%) 81M (100%) - -
Total 26 $81M - -

Deal Values

buy # Total
< $100M 2 $81M
TOTAL $81M
Largest Digital Cyclone Inc.
$45M (2007-01-05)

M&A Connections

Deals
Acquired from
Investor(s)
4%
1 (4%)
Strategic(s)
4%
1 (4%)

 Subscribe to unlock this and 215,016
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

Mergr is a user-friendly database designed to simplify the complex world of private equity and M&A for busy professionals.

We created Mergr to eliminate the challenge of tracking company acquisitions, sales, and ownership, providing clear insights into investment firms and their activities. For example, explore a company's M&A activity, ownership history, and connections - organized to help you uncover opportunities and make informed decisions.

With Mergr, gain access to a comprehensive, interconnected web of transactions, investors, companies, and advisors - all in one place.

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.7K Private Equity Firms
  • 208K M&A Transactions
  • 210K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.7K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

What next?

Get Full Access

Full access to Mergr's investor, acquirer, and transaction data starts here.

Related Lists for Garmin

Electronics Companies