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Tag Archives: Garmin

Garmin announces acquisition of Navionics

Garmin Ltd. has acquired Navionics S.p.A., a privately-held worldwide provider of electronic navigational charts and mobile applications for the marine industry. 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. “Navionics has long been known as a leading supplier of highly accurate navigational ...

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Federal jury rules in Navico/Garmin case, awards $38 million in damages

Navico announced that a Texas federal jury has found that Garmin Ltd. willfully infringed two of Navico’s DownScan Imaging sonar patents and awarded Navico $38,755,000 in damages. The district court judge has discretion to increase the damages to account for the jury’s finding that Garmin’s infringement was willful. The infringement finding concerned two of Navico’s patents relating to marine sonar ...

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Navico responds to court of appeals ruling

Navico has responded to an announcement that a U.S. Court of Appeals has reversed a previous ruling in favor of Navico in one of its patent lawsuits against Garmin Ltd. (NASDAQ:GRMN). “Obviously, we are disappointed in the appellate court’s decision following four rulings in Navico’s favor on this matter,” said Leif Ottosson, CEO, Navico. “As a result, we are analyzing ...

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Court of Appeals reverses ITC order in Navico, Garmin case

The Court of Appeals for the Federal Circuit reversed a December 2015 finding by the International Trade Commission that Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), had infringed Navico patents related to downscan sonar. Specifically, the Federal Circuit ruled that two of Navico’s patents were invalid and that Garmin’s DownVü sonar does not infringe a third Navico ...

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CBP rules Garmin’s DownVü not admissible in U.S.

The U.S. Customs and Border Protection ruled on June 5, 2017 that Garmin’s DownVü products are not admissible into the United States. This ruling comes on the heels of an Enforcement Initial Determination filed by an International Trade Commission Administrative Law Judge on May 25, 2017, which found that Garmin violated the cease-and-desist orders issued in 2015 regarding the importation ...

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ITC judge issues determination in Garmin/Navico case, Garmin to appeal

An Enforcement Initial Determination filed by an Administrative Law Judge at the International Trade Commission made an initial determination in the enforcement proceeding brought by Navico, Inc. against Garmin. The ALJ’s initial determination concluded that Garmin’s sale of certain DownVü sonar products violated the ITC’s December 2015 orders arising from a previous Navico-Garmin ITC investigation. The ALJ recommends a fine ...

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Garmin acquires Active Corporation

Garmin Ltd. (NASDAQ: GRMN) announced that it has acquired Active Corporation, a developer of crowd-sourced rich content for boaters, marketed as ActiveCaptain. ActiveCaptain is a community based, electronic marine database that contains near real-time information about marinas, anchorages, local points of interest and marine hazards – most of which is user-generated – for cruising and sailing destinations around the world. ...

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Garmin reports first quarter 2017 revenue and earnings growth

Garmin Ltd. (Nasdaq: GRMN – News) announced results for the first quarter ended April 1, 2017. Highlights for the first quarter 2017 include: Total revenue of $639 million, growing 2 percent over the prior year, with marine, outdoor, aviation and fitness collectively growing 12 percent over the prior year quarter and contributing 75 percent of total revenue Gross margin improved ...

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Garmin reports solid fiscal 2016 revenue and operating income growth

Garmin Ltd. (Nasdaq: GRMN – News) announced results for the fiscal year ended Dec.31, 2016. Garmin’s total revenue was $3.019 billion for all of 2016, growing 7 percent over the previous year with outdoor, fitness marine and aviation collectively growing 21 percent over the previous year and contributing 71 percent of total revenue. Gross and operating margins were 55.6 percent ...

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Yamaha selects Garmin for new integrated marine display

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), announced that Yamaha Marine Group has selected the Garmin 7-inch GPSMAP multi-function display platform to power its new CL7 multi-touch display. As the primary display for Command Link Plus and Helm Master, Yamaha’s fully integrated boat control system, the CL7 is fully network capable for NMEA 2000 and the Garmin Marine ...

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