Schaffhausen, Switzerland and Yarmouth, Maine/March 3, 2016/Business Wire – Garmin Ltd. (NASDAQ: GRMN) announced today that it has completed the acquisition of DeLorme, a privately-held company that designs and markets consumer based satellite tracking devices with two-way communication and navigational capabilities.
“We are pleased to have the DeLorme team join the Garmin family,” said Cliff Pemble, president and CEO of Garmin. “We are looking forward to leveraging the outstanding expertise and skills of the DeLorme team to enable the development of innovative products that will enhance the lives of our customers.”
DeLorme pioneered the inReach series of affordable two-way satellite communication devices for the consumer market. These GPS-enabled devices allow the user to send and receive satellite text messages or trigger an SOS for emergency help, anywhere in the world. In addition to inReach, DeLorme has an extensive library of digital cartography and enterprise GIS software, as well as traditional mapping.
Garmin will retain most of the DeLorme associates and will continue operations at its existing location in Yarmouth, Maine. The facility will operate primarily as a research and development office and the team will continue to develop two-way satellite communication and cartographic solutions. Financial terms of the transaction were not released.
About Garmin Ltd.
Garmin Ltd. is incorporated in Schaffhausen, Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries.
The InReach SE tracking system is being introduced into long haul deliveries by Reliance Yacht Management and is available through the Reliance Marine Store