Garmin Ltd. (NYSE: GRMN), has completed the previously announced acquisition of JL Audio, a U.S. company that designs and manufactures audio solutions, including speakers, amplifiers, subwoofers and other audio components for marine, aftermarket automotive, powersports, home and RV customers.
The amount of the deal was not disclosed.
JL Audio will continue operations at its current headquarters in Miramar, Fla., and in its facilities in Portland, Ore., and Phoenix, Ariz.
The company employs more than 600 associates who will become part of the global Garmin team. The JL Audio brand name will be retained, and its products will be integrated into Garmin’s marine segment. Financial terms of the transaction will not be disclosed.
Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom.
FinSMEs
25/09/2023