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Tag Archives: Garmin

Garmin selected as IBBI exclusive marine electronics supplier

Garmin International, Inc. announced that is has been selected as the exclusive marine electronics supplier for the Independent Boat Builders, Inc. (IBBI), the industry’s largest purchasing cooperative comprised of a 19-member network of leading boat brands. Collectively, IBBI members build 20 percent of all boats sold in the U.S., and beginning Model Year 2019, the agreement will give members direct ...

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Garmin releases Q4 Fiscal 2017 results

Garmin Ltd. (Nasdaq: GRMN) has announced results for the fourth quarter and fiscal year ended Dec. 30, 2017. “2017 was our second full year of sales and operating income growth driven by strong sales in our outdoor, aviation and marine segments,” said Cliff Pemble, president and chief executive officer of Garmin Ltd. “Entering 2018, we see additional growth opportunities ahead ...

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Garmin acquires OEM provider Trigentic

Garmin Ltd. has acquired Trigentic AB, a privately-held provider of intelligent products, solutions, and services in the areas of embedded systems, power supply, and power distribution for the marine and recreational vehicle (RV) market. The Trigentic components are marketed and sold under the EmpirBus brand. “The acquisition of Trigentic will allow Garmin to more completely serve marine and RV OEMs with ...

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Garmin launches OneHelm boat system

Garmin International, Inc. recently announced its new OneHelm system, an integrated solution designed for third-party companies that brings the power and convenience of controlling onboard boat systems like digital switching, lighting, stabilization, and more, to a Garmin multifunction display (MFD). This solution makes the boating experience more automated and fluent at the helm, while also eliminating the need for multiple ...

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Sea Hunt Boat Company selects Garmin as electronics supplier

Garmin International, Inc. announced that Sea Hunt Boat Company has selected Garmin to be an electronics supplier to outfit its full line of center console boats ranging from 18-30 feet. Beginning immediately, Sea Hunt will offer its customers several Garmin marine electronics packages, many of which include the new GPSMAP 1242xsv Touch chartplotter/sonar all-in-one combo. Garmin and Sea Hunt will ...

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Navico, Garmin announce resolution to patent disputes

Navico, parent company to the Lowrance, Simrad, and B&G brands, and Garmin International Inc., a unit of Garmin Ltd., have ended a three-year-long legal dispute relating to sonar and auto guidance patents. The agreement, announced jointly by the companies, includes a broad cross licensing of patents and other intellectual property, which will allow both companies to bring new innovations to ...

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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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