Garmin buys company Navionics
The company Garmin specializes in GPS and sports watches, announced the purchase of the company Navionics S. p.A. the supplier of electronic navigational charts and mobile apps for navigation.
As the company Navionics is known among sailors high-precision electronic card, acquisition a good Supplement its own offer Garmin in this area and will expand the customer base.
As you can tell from the press release on the purchase, all employees of the company Navionics, the headquarters of which is in Italy, will retain their jobs. Financial terms of the deal were not disclosed.