Garmin, one of today’s leading marine electronics brands, has acquired Navionics, the provider of electronic navigational charts and mobile applications for boaters.
“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.”
Giuseppe Carnevali, Navionics founder and president, Giuseppe Carnevali, also weighed in. “Since our founding, Navionics has been passionate about creating products that enhance the boating experience,” Carnevali said. “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 offers a wide array of nautical charts for oceans, rivers, and lakes, as well as the mobile Boating app. Navionics has developed many of these charts with proprietary surveys using remote sensing such as satellite imagery and airborne laser scanners.
Navionics is headquartered in Viareggio, Italy, and employs more than 350 people around the world. Garmin is incorporated in Switzerland. with subsidiaries in the United States, Taiwan and the United Kingdom.
Financial terms of the acquisition were not disclosed.
