Public Company Other

Garmin

Schaffhausen, Schaffhausen, Switzerland

Garmin designs and manufactures GPS navigation and wearable/connected devices, and provides related digital services and aviation solutions for aviation, automotive, fitness, marine, and outdoor markets.

Focus Areas
GPS navigation, Wearables, Aviation avionics & navigation systems

Tracked deals

5

5 tracked deals across 2015-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

5 buyout

Garmin Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for Garmin. 1 2021 1 2023 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Garmin Ltd.
    Target
    TrainingPeaks, TrainHeroic
    Seller
    Peaksware Holdings
    Industry
    Cloud & SaaS
    Type
    Buyout

    Garmin Ltd. has acquired TrainingPeaks and TrainHeroic, digital training platforms that connect athletes with coaches and provide structured programs, performance data, and training insights. The deal is intended to expand Garmin’s fitness ecosystem across endurance and strength/performance training and enable more customizable coaching experiences for athletes. Financial terms were not disclosed.

  • October 22, 2024
    Buyer
    Garmin Ltd.
    Target
    Lumishore
    Industry
    Manufacturing
    Location
    Wales, United Kingdom
    Type
    Buyout

    Garmin Ltd. has acquired Lumishore, a Swansea-based designer and manufacturer of high-performance above- and underwater LED lighting systems for boats. The acquisition adds premium marine LED lighting to Garmin's marine product portfolio and integrates Lumishore's R&D and production associates into Garmin's global workforce; financial terms were not disclosed.

  • Buyer
    Garmin Ltd.
    Target
    JL Audio
    Type
    Buyout

    Garmin Ltd. has entered into a definitive agreement to acquire JL Audio, a U.S.-based designer and manufacturer of premium audio solutions. The acquisition (expected to close by end of 2023) will add JL Audio's audio engineering and product capabilities to Garmin's portfolio to enable premium audio integration across Garmin's marine, automotive, powersports, home and RV product lines.

  • Buyer
    Garmin International, Inc.
    Target
    AeroData, Inc.
    Type
    Buyout

    Garmin International, Inc. acquired AeroData, Inc., a Scottsdale-based provider of aircraft performance software and services for commercial and business aviation. The deal expands Garmin’s commercial aviation and digital services capabilities by adding AeroData’s runway analysis, weight-and-balance, load planning and flight performance solutions; AeroData will continue operating from Scottsdale. Financial terms were not disclosed.

  • Buyer
    Garmin Ltd.
    Target
    iKubu (Pty) Ltd.
    Location
    Western Cape, South Africa
    Type
    Buyout

    Garmin Ltd. acquired the assets of iKubu (Pty) Ltd., a Stellenbosch-based developer of the Backtracker low-energy bike radar and related computer-vision/radar technology. Most former iKubu employees will join Garmin's South Africa subsidiary to continue R&D in Stellenbosch; financial terms were not disclosed.

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