Garmin® acquires Navionics®

Garmin Ltd. (NASDAQ: GRMN) today announced that it has
acquired Navionics S.p.A., a privately-held worldwide provider of
electronic navigational charts and mobile applications for the marine
industry.

“Navionics has long been known as a leading supplier of highly accurate
navigational charts and mobile applications for boaters,” said Cliff
Pemble, Garmin president and CEO. “By combining Navionics’ content with
Garmin’s BlueChart® and LakeVü™ content, we will be able to offer the
best available breadth and depth of coverage to our marine customers.
Going forward, we plan to retain the Navionics brand and will continue
to support Navionics’ existing customers.”

“Since our founding, Navionics has been passionate about creating
products that enhance the boating experience,” said Giuseppe Carnevali,
Navionics founder and president. “Garmin shares our passion for serving
the marine industry, and is an ideal company to carry the strong brand
and reputation of Navionics into the future.”

In addition to a popular boating app, Navionics has developed an
extensive repository of nautical charts for oceans, rivers, and lakes.
Many of these charts have been developed with Navionics’ proprietary
surveys, done both in the field and with remote sensing such as
satellite imagery and airborne laser scanners.

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.

About Garmin

Garmin Ltd. is incorporated in Switzerland, and its principal
subsidiaries are located in the United States, Taiwan and the United
Kingdom. Garmin and BlueChart are registered trademarks and LakeVü is a
trademark of Garmin Ltd.

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This release includes forward-looking statements regarding Garmin Ltd.
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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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