Garmin® acquires Active Corporation, Developer of a leading electronic marine database

Garmin Ltd. (NASDAQ: GRMN) today 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. The database
boasts more than 250,000 users and can be accessed via web browser or a
variety of mobile applications.

“There is really nothing else out there that compares to the depth and
breadth of the ActiveCaptain database,” said Cliff Pemble, Garmin
president and CEO. “Mariners rely on ActiveCaptain to make their voyages
better informed and more enjoyable, and we are delighted to add this
technology to the Garmin portfolio.”

“Garmin is a technology leader among boaters of all types, and we are
looking forward to working with them to make ActiveCaptain even more
robust and global,” said Jeffrey Siegel, co-owner and co-founder of
ActiveCaptain. “Garmin has extensive engineering and cartography
capabilities that will allow ActiveCaptain to be deeply integrated into
their product offerings.”

The founders and sole employees of ActiveCaptain, Karen and Jeffrey
Siegel, will become employees of Garmin International. Financial terms
of the acquisition will not be released.

For over 25 years, Garmin has pioneered new GPS navigation and wireless
devices and applications that are designed for people who live an active
lifestyle. Garmin serves five primary business units, including
automotive, aviation, fitness, marine, and outdoor recreation. For more
information, visit Garmin’s virtual pressroom at garmin.com/newsroom,
contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin,
twitter.com/garmin,
or youtube.com/garmin.

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.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd.
and its business. Such statements are based on management’s current
expectations. The forward-looking events and circumstances discussed in
this release may not occur and actual results could differ materially as
a result of known and unknown risk factors and uncertainties affecting
Garmin, including, but not limited to, the risk factors listed in the
Annual Report on Form 10-K for the year ended December 31, 2016, filed
by Garmin with the Securities and Exchange Commission (Commission file
number 0-31983). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html.
No forward-looking statement can be guaranteed. Forward-looking
statements speak only as of the date on which they are made and Garmin
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.

 

Contacts

Garmin International Inc.Ted Gartner, 913-397-8200 [email protected]