Garmin® completes acquisition of Iiyonet, Inc.

Provides direct access to the growing Japanese market

Garmin Ltd. (NASDAQ: GRMN) announced today that it has completed the
acquisition of Iiyonet, Inc., a key distributor of Garmin’s consumer
products in Japan. The company is now a subsidiary of Garmin Japan, Ltd.

“The acquisition of Iiyonet will further bolster our sales and
distribution efforts in a key Asian market,” said Cliff Pemble,
president and CEO of Garmin. “This acquisition will enhance our ability
to support our key retailers and OEMs in Japan.”

The company will retain substantially all of its management, sales,
marketing and supporting staff and will continue operations at its
current headquarters and warehouse facilities located in Saitama, Japan,
near Tokyo.

Terms of the acquisition were not disclosed.

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,
contact the Media Relations department at 913-397-8200, or follow us at,,

About Garmin

Garmin Ltd. is incorporated in 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

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marks are the properties of their respective owners. All rights reserved.

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 26, 2015, filed
by Garmin with the Securities and Exchange Commission (Commission file
number 0-31983). A copy of such Form 10-K is available at
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.



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