OLATHE (dpa-AFX) - Garmin Ltd. (GRMN) announced Monday that it has acquired Vesper Marine, a privately-held provider of AIS, VHF and vessel monitoring solutions for the marine industry. Financial terms of the acquisition will not be released.
This acquisition is expected to bolster Garmin's industry-leading lineup of marine products and technology designed to provide peace of mind and enhanced situational awareness for boaters.
With almost 15 years of experience, Auckland, New Zealand-based Vesper has developed a suite of communication products and solutions for power, sail and workboats, including the award-winning Cortex system. The company also offers mobile apps to monitor, view and manage a Cortex system or smartAIS transponder for iOS and Android devices.
Vesper Marine will join Garmin's existing team and facility located in Auckland.
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