Garmin® acquires Navionics®

Premier supplier of electronic navigational charts for mariners

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

“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.

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
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]