Garmin® acquires Trigentic

Garmin Ltd. (NASDAQ: GRMN), today announced that it 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 a complete suite of multi-function displays,
components, and the backbone that enables digital controls and smart
boat features,” said Cliff Pemble, Garmin president and CEO. “EmpirBus
is widely respected among OEM providers, and we look forward to
expanding their products globally.”

EmpirBus components help boat manufacturers deliver their customers’
desires for a completely connected boat. With EmpirBus components and
Garmin MFDs, cruisers, sailors, and anglers can easily control virtually
any device on their vessel – from propulsion to pumps, air conditioning
to infotainment. This connectivity enhances situational awareness and
makes time on the water even more enjoyable.

“We are delighted to team with Garmin, one of the most respected brands
in the marine industry,” said Magnus Jirhem, Trigentic CEO. “We are
confident that Garmin can expand the footprint of our products and
innovate new digital switching technologies for both the marine and RV
markets.”

Trigentic is headquartered near Gothenburg, Sweden. Garmin plans to
retain the facility and combine the talent of both teams to serve the
marine market. Financial terms of the acquisition will not be released.

Garmin is the world’s leading marine electronics manufacturer¹
and was recently named Manufacturer of the Year for the third
consecutive year by the NMEA, an honor given to the most recognized
marine electronics company for support of products in the field.
Garmin’s portfolio includes some of the industry’s most sophisticated
chartplotters and touchscreen multifunction displays, sonar technology,
high-definition radar, autopilots, high-resolution mapping, sailing
instrumentation, audio, entertainment and other products and services
that are known for innovation, reliability, and ease-of-use. Other
Garmin marine brands include FUSION Entertainment, and Navionics, a
premier supplier of electronic navigation charts.

¹Based on 2016 reported sales.

About Garmin

Garmin Ltd. is incorporated in Switzerland, and its principal
subsidiaries are located in the United States, Taiwan and the United
Kingdom. Garmin, Fusion and Navionics are registered trademarks of
Garmin Ltd. or its subsidiaries.

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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.
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