{"id":34098,"date":"2012-09-13T12:20:00","date_gmt":"2012-09-13T12:20:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/garmin-grmn-acquires-nexus-marine-ab\/34098\/"},"modified":"2012-09-13T12:20:00","modified_gmt":"2012-09-13T12:20:00","slug":"garmin-grmn-acquires-nexus-marine-ab","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/garmin-grmn-acquires-nexus-marine-ab\/34098\/","title":{"rendered":"Garmin\u00ae &#8211; GRMN &#8211; Acquires Nexus\u00ae Marine AB"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=GRMN\">NASDAQ: GRMN<\/a>)<\/strong>, the global leader in satellite navigation, today announced that one of its subsidiaries has acquired\u00a0Nexus Marine AB, a privately-held designer and manufacturer of instrumentation for the sailing and yachting market. \u00a0The acquisition is being announced in conjunction with the Southampton Boat Show, September 14-23, 2012.<\/p>\n<p>\u201cNexus Marine is very highly respected in the sailing market, and we\u2019re happy to have them aboard,\u201d said Cliff Pemble, Garmin\u2019s president and COO.\u00a0 \u201cNexus\u2019 passion and expertise for this market, combined with Garmin\u2019s capabilities and presence, are sure to make this combination a success.\u201d<\/p>\n<p>\u201cGarmin has a lot of credibility in the broader marine market, and Nexus is a premier brand among sailors,\u201d said Richard Macalister, CEO of Nexus Marine AB.\u00a0 \u201cCombining the two makes perfect sense \u2013 for our companies and our customers.&#8221;<\/p>\n<p>Nexus Marine AB will operate as Garmin Stockholm AB, a wholly owned subsidiary of Garmin Ltd.\u00a0 Financial terms of the acquisition will not be released.<\/p>\n<p><strong>About Garmin Ltd. &#8211; GRMN<\/strong><\/p>\n<p>The global leader in satellite navigation, Garmin Ltd. (GRMN) and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 \u2013 most of which are enabled by GPS technology.\u00a0 GRMN\u2019s products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom.<\/p>\n<p>Garmin Ltd. (GRMN) is a provider of navigation, communication and information devices and applications, which are enabled by global positioning system (GPS) technology. Garmin designs, develops, manufactures and markets a diverse family of hand-held, portable and fixed-mount GPS-enabled products and other navigation, communications and information products for the automotive\/mobile, outdoor, fitness, marine, and general aviation markets.<\/p>\n<p>GRMN has four segments: Automotive\/Mobile, Aviation, Marine, Outdoor and Fitness. In June 2011, Garmin acquired Tri-Tronics Inc. In July 2011, the Company acquired Garmin Wurzburg GmbH. In September 2011, the Company acquired Garmin Southern Africa (Pty) Ltd. In December 2011, Garmin acquired Garmin Chile Lda.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20120915012616\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fgarmin-grmn-acquires-nexus-marine-ab%2F34098&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-higher-on-qe3\/34216\">\nStocks End Higher on QE3<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-settle-higher-silver-prices-slip-2\/34215\">\nGold Prices Settle Higher; Silver Prices Slip<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-holding-on-to-gains-in-mid-day-trading-3\/34212\">\nStocks Holding on to Gains in Mid-Day Trading<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/ocean-power-technologies-optt-opt-got-off-to-a-strong-start-in-fiscal-2013\/34192\">\nOcean Power Technologies &#8211; OPTT &#8211; OPT got off to a strong start in fiscal 2013<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/analogic-alog-for-fiscal-2013-we-expect-another-year-of-high-single-digit-organic-revenue-growth\/34193\">\nAnalogic &#8211; ALOG &#8211; For fiscal 2013 we expect another year of high single-digit organic revenue growth<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/heritage-financial-corporation-hfwa-to-acquire-northwest-commercial-bank\/34194\">\nHeritage Financial Corporation &#8211; HFWA &#8211; To Acquire Northwest Commercial Bank<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/full-circle-capital-corporation-full-announces-monthly-distributions-of-0-077-cents-per-share-for-a-total-of-0-231-per-share-for-second-fiscal-quarter-2013\/34195\">\nFull Circle Capital Corporation &#8211; FULL &#8211; Announces Monthly Distributions of $0.077 Cents per Share for a Total of $0.231 Per Share for Second Fiscal Quarter 2013<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20120915012616im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NASDAQ: GRMN), the global leader in satellite navigation, today announced that one of its subsidiaries has acquired\u00a0Nexus Marine AB, a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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