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== History == === Founding and initial growth: 1989 to 1999 === In 1983, [[Gary Burrell]] recruited [[Min Kao|Min H. Kao]] from the defense contractor [[Magnavox]] while working for the former [[King Radio (company)|King Radio]].<ref name=Forbes>{{cite news|title=A GPS Pioneer Retires|url=https://www.forbes.com/2004/08/16/cx_ah_0816grmn.html|access-date=June 12, 2013 | work=Forbes|first=Arik|last=Hesseldahl}}</ref> They founded Garmin in 1989 in [[Lenexa, Kansas]],<ref name=":0">{{cite web|url=http://www.bizjournals.com/kansascity/news/2015/12/02/garmin-wins-approval-for-massive-olathe-campus.html|title=Garmin wins approval for massive Olathe campus expansion|last=Roberts|first=Rob|date=December 2, 2015|access-date=December 3, 2015|publisher=Kansas City Business Journal}}</ref> as "ProNav".<ref name="Forbes" /> ProNav's first product was a GPS unit for boaters called GPS 100.<ref name="Forbes" /> It debuted at the 1990 International Marine Technology Exposition, where it garnered 5,000 orders.<ref>{{Cite web |date=2022-05-11 |title=Behind the Scenes with Garmin Electronic {{!}} JBYS |url=https://jbys.com/behind-the-scenes-with-garmin/ |access-date=2024-09-12 |website=jbys.com |language=en-US}}</ref> A short time later, in 1991, the company opened a manufacturing facility in Taiwan.<ref>{{Cite web |date=2024-06-25 |title=Garmin's Asia push: Growing beyond wearables - Global SMT & Packaging Southeast Asia |url=https://globalsmtasia.com/garmins-asia-push-growing-beyond-wearables/ |access-date=2024-09-26 |website=globalsmtasia.com |language=en-US}}</ref> The company was later renamed "Garmin", a [[portmanteau]] of its two founders, Gary Burrell and Min H. Kao.<ref name="Huffpost">{{cite web | title = Garmin Founder Min Kao on the Twists and Turns of GPS |date=November 21, 2012|url=http://www.huffingtonpost.co.uk/2012/11/20/garmin-founder-min-kao-on-the-twists-and-turns-of-gps_n_2165986.html|access-date=December 28, 2013}}</ref> In 1991, the [[U.S. Army]] became their first customer.<ref name="Johnson">{{cite book|last=Johnson-Freese|first=Joan|title=Space as a strategic asset|year=2007|publisher=Columbia University Press|location=New York|isbn=978-0231510011|page=41|url=https://books.google.com/books?id=zMANZmM98xYC&pg=PA41}}</ref> In 1994, Garmin released GPS 155, the first [[Instrument flight rules|IFR]]-certified aviation navigation system.<ref name=":29">{{Cite web |date=2019-06-03 |title=Garmin |url=https://www.bjtonline.com/business-jet-news/garmin |access-date=2024-09-12 |website=Business Jet Traveler |language=en}}</ref> By 1995, Garmin's sales had reached $102 million, and it had achieved a [[Profit (accounting)|profit]] of $23 million.<ref name=":6" /> In 1996, the company headquarters moved to Olathe, Kansas.<ref name=":0" /> A year later, Garmin sold its one millionth unit.<ref>{{Cite web |date=2012-05-02 |title=Garmin® Arrives at a Milestone: 100 Million Products Sold |url=https://www.garmin.com/en-US/newsroom/press-release/corporate/2012-garmin-arrives-at-a-milestone-100-million-products-sold/ |access-date=2024-09-26 |website=Garmin Newsroom |language=en-US}}</ref> In 1998, Garmin released the GNS 430 and StreetPilot.<ref name=":7">{{Cite web |last=Staff |first=Ars |date=2020-06-24 |title=The long, winding, technological road to GPS in every car |url=https://arstechnica.com/cars/2020/06/the-long-technological-road-map-to-digital-road-maps-in-every-car/2/ |access-date=2024-09-18 |website=Ars Technica |language=en-us}}</ref> GNS 430 was an integrated avionics system that served as both GPS navigation receiver and communications transceiver.<ref>{{Cite web |last=Zazulia |first=Nick |date=2018-12-07 |title=Garmin Gets Top Airbus Helicopter Supplier Award for Lakota Work |url=https://www.aviationtoday.com/2018/12/07/garmin-airbus-helo/ |access-date=2024-09-26 |website=Avionics International |language=en}}</ref> StreetPilot was Garmin’s first portable navigation system for cars.<ref name=":7" /><ref>{{Cite web |title=The Consumer Electronics Hall of Fame: Garmin StreetPilot GPS Navigation System - IEEE Spectrum |url=https://spectrum.ieee.org/the-consumer-electronics-hall-of-fame-garmin-streetpilot-gps-navigation-system |access-date=2024-09-18 |website=spectrum.ieee.org |language=en}}</ref> [[File:Gary and Min - Garmin Founders Gary Burrell and Min Kao.jpg|thumb|Founders [[Gary Burrell]] and [[Min Kao]]]] By 1999, sales had reached $232.6 million<ref name=":6" /> with a profit of $64 million. Garmin reported a 2006 total revenue of $1.77 billion, up 73% from $1.03 billion in 2005.<ref>{{Cite web |date=28 September 2022 |title=Garmin Stock Breakdown: The Evolution Of The GPS Giant |url=https://www.forbes.com/sites/qai/2022/09/28/garmin-stock-breakdown-the-evolution-of-the-gps-giant/ |access-date=21 August 2024 |website=Forbes}}</ref><ref>{{cite web | title =Fiscal year 2006 report: 02.14.07 | url =http://www.garmin.com/aboutGarmin/invRelations/releases/Q4FY2006EarningsPressRelease.pdf | access-date =February 15, 2007 | archive-url =https://web.archive.org/web/20130116102058/http://www8.garmin.com/aboutGarmin/invRelations/releases/Q4FY2006EarningsPressRelease.pdf | archive-date =January 16, 2013 | url-status =dead }}</ref><ref name=":6">{{cite web|url=http://www.fundinguniverse.com/company-histories/garmin-ltd-history/|title=History of Garmin Ltd. |publisher=FundingUniverse |access-date=August 16, 2015}}</ref> [[File:Garmin Olathe Headquarters.jpg|thumb|Garmin headquarters in [[Olathe, Kansas]] since 1996]] === GPS growth and additional markets: 2000 to 2018 === On Dec. 8, 2000, Garmin began public trading on NASDAQ with a stock price of $14 per share. Twenty-one years later on Dec. 7, 2021, the company transferred its listing to the New York Stock Exchange.<ref>{{Cite web |last=Vaupel |first=Andrew |date=7 December 2021 |title=Garmin makes switch from Nasdaq to NYSE almost 21 years after IPO |url=https://www.bizjournals.com/kansascity/news/2021/12/07/garmin-limited-new-york-stock-exchange-listing.html |access-date=2024-09-26 |website=Kansas City Business Journal}}</ref> By 2000, Garmin had sold three million GNSS devices, and was producing 50 different models. Its products were sold in 100 countries and carried by 2,500 independent distributors. As of August 22, 2000, the company held 35 [[patent]]s on GNSS technology. By the end of June 2000, the company employed 1,205 people: 541 in the United States, 635 in [[Taiwan]], and 29 in the United Kingdom.<ref>{{cite web|url=http://www.secinfo.com/d127fj.2b.htm|title=SEC Info – Garmin Ltd – '10-K' for 12/28/02|access-date=August 16, 2015}}</ref> In 2003, Garmin announced its G1000 integrated cockpit system (though it was not available until 2004 when it received FAA certification).<ref name=":10">{{Cite web |last=Thurber |first=Matt |title=Garmin Celebrates 25,000 Flight Deck Milestone {{!}} AIN |url=https://www.ainonline.com/aviation-news/business-aviation/2022-06-15/garmin-celebrates-25000-flight-deck-milestone |access-date=2024-10-22 |website=Aviation International News}}</ref> It was first adopted by aircraft makers including Cessna and Diamond Aircraft, and later would be installed as forward-fit and retrofit applications in regional airliners, business jets and turboprops, light airplanes, helicopters, and military and government aircraft.<ref>{{Cite web |title=Garmin Grabs UPS Aviation Unit |url=https://www.forbes.com/2003/07/24/cx_ah_0724ups.html |access-date=2024-10-22 |website=Forbes |language=en}}</ref><ref name=":10" /> That same year, Garmin launched Forerunner 201, a fitness smartwatch for runners that was the first wrist-based GPS trainer.<ref name=":8">{{Cite web |last=Nambiar |first=Presenna |date=2024-06-18 |title=35 years of Garmin: Innovator extraordinaire [WATCH] {{!}} New Straits Times |url=https://www.nst.com.my/business/feature/2024/06/1064928/35-years-garmin-innovator-extraordinaire-watch |access-date=2024-08-27 |website=NST Online |language=en}}</ref> In 2005, Garmin launched nüvi, its first compact car navigator.<ref>{{Cite web |title=Garmin GPS Models {{!}} Release Date History {{!}} POI Factory |url=http://www.poi-factory.com/node/42240#:~:text=Garmin%20introduced%20the%20first%20nuvi's,anouncements%20in%20the%20nuvi%20series. |access-date=2024-10-04 |website=www.poi-factory.com}}</ref> In 2006, Garmin released its first GPS-enabled cycling computer, Edge.<ref>{{Cite web |last=Bussey |first=Hannah |date=2022-06-08 |title=Does the new Garmin Edge 1040 mean you'll only have to charge your cycling computer once every 100 hours? |url=https://www.cyclingweekly.com/products/garmin-launches-solar-powered-edge-1040 |access-date=2024-10-18 |website=cyclingweekly.com |language=en}}</ref> That same year, the company introduced a new corporate logo,<ref>{{cite web |title=A New Look |url=http://garmin.blogs.com/my_weblog/2006/10/a_new_look.html |url-status=dead |archive-url=https://web.archive.org/web/20070927025647/http://garmin.blogs.com/my_weblog/2006/10/a_new_look.html |archive-date=September 27, 2007 |access-date=November 4, 2006}}</ref> and opened its first retail store, located on [[Michigan Avenue (Chicago)|Michigan Avenue]] in [[Chicago]], Illinois.<ref>{{Cite web |date=2006-11-11 |title=On the floor of Garmin's Chicago flagship |url=https://www.engadget.com/2006-11-10-on-the-floor-of-garmins-chicago-flagship.html |access-date=2024-08-21 |website=Engadget |language=en-US}}</ref><ref>{{cite web |title=The Garmin Store: 11.11.06 |url=http://garmin.blogs.com/my_weblog/2006/10/the_garmin_stor.html |url-status=dead |archive-url=https://web.archive.org/web/20070927015623/http://garmin.blogs.com/my_weblog/2006/10/the_garmin_stor.html |archive-date=September 27, 2007 |access-date=November 4, 2006}}</ref> In 2007, the company introduced its first touchscreen marine chartplotters, the GPSMAP 5000 series for international boaters.<ref>{{Cite web |last=Ellison |first=Ben |date=2017-09-19 |title=Garmin 5000 Series |url=https://www.powerandmotoryacht.com/electronics/garmin-5000-series |access-date=2024-10-08 |website=Power & Motoryacht |language=en-us}}</ref> In 2011, Garmin released its first GPS watch for the sport of golfing: the Approach S1.<ref>{{Cite web |last=Carroll |first=Pam |title=Garmin Approach S1 review: Garmin Approach S1 |url=https://www.cnet.com/reviews/garmin-approach-s1-review/ |access-date=2024-10-02 |website=CNET |language=en}}</ref> A year later in 2012, the company released its fēnix adventure smartwatch, designed for outdoor sports and recreation.<ref>{{Cite web |date=2012-07-10 |title=Garmin unveils Fenix, its first GPS watch for deep-pocketed outdoorsy types (hands-on) |url=https://www.engadget.com/2012-07-10-garmin-fenix-gps-watch.html |access-date=2024-10-02 |website=Engadget |language=en-US}}</ref> 2014 saw the release of Vivofit, Garmin’s first wearable fitness band with a replaceable battery with over one year of battery life.<ref>{{Cite web |last=Ingraham |first=Nathan |date=2014-01-06 |title=Garmin jumps into the fitness-tracking market with the Vivofit |url=https://www.theverge.com/2014/1/6/5275344/garmin-jumps-into-the-fitness-tracking-market-with-the-vivofit |access-date=2024-10-24 |website=The Verge |language=en}}</ref><ref name=":11" /> Vivofit tracks a wearer’s steps and learns an individual’s activity level in order to adjust daily goals.<ref name=":11">{{Cite news |last=Bonnington |first=Christina |title=Review: Garmin Vivofit |url=https://www.wired.com/2014/03/garmin-vivofit/ |access-date=2024-10-24 |work=Wired |language=en-US |issn=1059-1028}}</ref> 2014 was also the year that Garmin acquired the New Zealand company Fusion Electronics Limited and its subsidiaries.<ref name=":9">{{Cite news |last=McCarthy |first=Erin |date=30 July 2014 |title=Garmin Profit Rises 5.5%, Beats Expectations |url=https://www.wsj.com/articles/garmin-profit-rises-5-5-beats-expectations-1406720452 |access-date=18 October 2024 |work=[[The Wall Street Journal]]}}</ref> After the acquisition, the company, which sold integrated marine audio products and accessories, became known as Garmin New Zealand Ltd.<ref name=":9" /> In 2015, Garmin launched Panoptix, the first product to provide real-time live sonar for anglers.<ref name=":13">{{Cite web |date=2018-06-11 |title=Garmin Introduces New Live Scanning Sonar {{!}} Sport Fishing Mag |url=https://www.sportfishingmag.com/garmin-introduces-new-live-scanning-sonar/ |access-date=2024-10-08 |language=en-US}}</ref> A year later, in 2016, Garmin acquired [[DeLorme]], which gave Garmin DeLorme’s inReach satellite communication technology with interactive SOS messaging.<ref name=":12">{{Cite web |last=Legan |first=Kristen |date=2016-02-16 |title=Garmin buys DeLorme satellite texting and navigation company |url=https://velo.outsideonline.com/news/garmin-buys-delorme |access-date=2024-10-15 |website=Velo |language=en-US}}</ref><ref name=":26">{{Cite web |date=2016-02-11 |title=Garmin to Up Satcom Capabilities with DeLorme Acquisition |url=https://www.aviationtoday.com/2016/02/11/garmin-to-up-satcom-capabilities-with-delorme-acquisition/ |access-date=2024-10-15 |website=Avionics International |language=en}}</ref> The inReach Satellite Communicator had been the first personal satellite communication device equipped for two-way text messaging using satellites.<ref name=":12" /> In 2017, Garmin released their first devices made with inReach: the inReach SE+ and Explorer+.<ref>{{Cite web |last=Staff |first=ADV Pulse |date=2017-01-06 |title=Garmin Announces First Devices With 2-Way Satellite Messaging |url=https://www.advpulse.com/adv-products/garmin-inreach/ |access-date=2024-10-24 |website=ADV Pulse}}</ref> In 2017, Garmin released its first dive computer with surface GPS, the Descent Mk1.<ref>{{Cite web |last=Russell |first=Mark 'Crowley' |date=2019-11-01 |title=Garmin debuts Descent Mk1 dive computer |url=https://divemagazine.com/scuba-diving-equipment/garmin-debuts-descent-mk1-dive-computer |access-date=2024-10-31 |website=DIVE Magazine |language=en-GB}}</ref> The Mk1 also provides an altimeter and HR monitor, and uses Garmin’s fenix 5X platform for everyday activity tracking.<ref>{{Cite web |last=Mason |first=Morgan |date=2018-05-16 |title=The Garmin Descent Mk1 Is Perfect for Spearfishing: Here's Why |url=https://gearjunkie.com/technology/garmin-descent-mk1-dive-watch-review |access-date=2024-10-31 |website=GearJunkie |language=en-US}}</ref> === Recent market expansion: 2018 to present === In 2018, Garmin improved its Panoptix technology by combining it with Livescope.<ref name=":13" /> The new Panoptix Livescope provided both scanning or imaging sonar as well as real-time, live sonar.<ref name=":13" /> In April 2018, Garmin launched Connect IQ 3.0 along with new apps—MySwim Pro, [[Yelp]], Trailforks and [[iHeartRadio]].<ref>{{Cite news|url=https://gadgetsandwearables.com/2018/04/19/garmin-connect-iq-3-0/|title=Garmin announces Connect IQ 3.0 along with a bunch of new apps|date=April 19, 2018|work=Gadgets & Wearables|access-date=May 15, 2018}}</ref> In May 2018, Garmin partnered with the [[University of Kansas Medical Center]] to tackle [[sleep apnea]] and [[atrial fibrillation]].<ref>{{Cite news|url=https://gadgetsandwearables.com/2018/05/02/garmin-sleep-apnea/|title=Garmin new partnership aims to tackle sleep apnea and atrial fibrillation|date=May 2, 2018|work=Gadgets & Wearables|access-date=May 15, 2018}}</ref> In 2019, Garmin announced the release of new technologies in several fields. In its Automotive segment, there was an all-terrain, all-in-one GPS, the Garmin Overlander; for the Marine segment, a freshwater trolling motor, the Force; and under Garmin’s Aviation segment, an emergency autonomous landing system for aircraft, Garmin Autoland.<ref>{{Cite web |last=Haynes |first=Reagan |date=2019-07-09 |title=ICAST 2019: The ‘year for the trolling motor’ |url=https://www.tradeonlytoday.com/boat-shows/icast-2019-the-year-for-the-trolling-motor |access-date=2024-11-26 |website=Trade Only Today |language=en-us}}</ref><ref name=":20">{{Cite web |last=Boatman |first=Julie |date=2024-02-24 |title=We Fly: Garmin Autoland for the Beechcraft King Air 200 |url=https://www.flyingmag.com/we-fly-garmin-autoland-for-the-beechcraft-king-air-200/ |access-date=2024-11-26 |website=FLYING Magazine |language=en}}</ref><ref>{{Cite web |date=2019-05-17 |title=Garmin's latest GPS is designed for off-road explorers |url=https://www.engadget.com/2019-05-17-garmins-gps-designed-off-road-explorers-overlander.html |access-date=2024-11-26 |website=Engadget |language=en-US}}</ref> In 2020, Garmin Autoland won the Robert J. Collier Trophy for outstanding contributions to aviation and aerospace.<ref>{{Cite web |last=Boatman |first=Julie |date=8 November 2021 |title=Garmin Wins 2020 Collier Trophy for Autoland |url=https://www.flyingmag.com/2020-collier-trophy-garmin-autoland/ |access-date=21 November 2024 |website=Flying}}</ref> In 2022, Garmin released a new health monitoring device with its first smart blood pressure monitor, Index BPM.<ref name=":15">{{Cite web |last=Cadenas |first=Cesar |date=2022-09-23 |title=Garmin's new gadget capitalizes on missing smartwatch feature |url=https://www.techradar.com/news/garmins-new-gadget-capitalizes-on-missing-smartwatch-feature |access-date=2024-11-05 |website=TechRadar |language=en}}</ref> Index BPM is FDA-cleared, and can be used by up to 16 different people.<ref name=":15" /> The following year, Garmin introduced the FDA-cleared ECG app, allowing users to record heart rhythm and check for atrial fibrillation.<ref>{{Cite web |last=Malik |first=Aisha |date=2023-01-24 |title=Garmin launches a new FDA-cleared ECG app for the Venu 2 Plus |url=https://techcrunch.com/2023/01/24/garmin-new-fda-cleared-ecg-app-venu-2-plus/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAH-6mj--4Px69RZ-qnz1RY72sYQUaZ5kOgRbsYMrFop_n09IgyXIyhDeLHNFtsVeeGRyU3X2OwCP84R7WQ20wC85paEWV-fZSwV6Vcovz5QW7M5p5ENHkGgRBBT3G-OrH9BfXQlgbmh5dvHI3aOOqHPCLXYqPxB5uBPq94LVvqg7 |access-date=2024-11-11 |website=[[TechCrunch]] |language=en-US}}</ref> In 2023, Garmin announced a two-year study with the U.S. Space Force.<ref name=":14">{{Cite web |last=Williams |first=Andrew |title=Why Garmin Has Sent 6000 Watches To The US Space Force |url=https://www.forbes.com/sites/andrewwilliams/2023/08/29/why-garmin-has-sent-6000-watches-to-the-us-space-force/?sh=3961075756e5 |access-date=2024-11-08 |website=Forbes |language=en}}</ref> Under the study, over 6000 Garmin Forerunner 55 and Instinct 2 Solar watches were given to members of Space Force (known as Guardians).<ref name=":14" /> The study aims to answer the question of whether or not regular active fitness testing can be replaced by fitness assessments made with data from the smartwatches.<ref name=":14" /> In addition to their health and wellness features, the watches were chosen because they have the ability to disable GPS functionality, should there be a need for higher military privacy and security.<ref>{{Cite web |last=Novelly |first=Thomas |date=2023-08-28 |title=Thousands of Garmin Smartwatches Being Used to Test Space Force Fitness Program |url=https://www.military.com/daily-news/2023/08/28/thousands-of-garmin-smartwatches-being-used-test-space-force-fitness-program.html |access-date=2024-11-11 |website=Military.com |language=en}}</ref> That same year, the company announced that Garmin fenix 7 watches would be used by crew members during the Polaris Dawn space mission to monitor health stats and vitals.<ref>{{Cite web |last=Stables |first=James |date=2023-02-07 |title=Polaris Dawn astronauts to wear Garmin Fenix 7 watches |url=https://www.wareable.com/garmin/polaris-dawn-astronauts-to-wear-garmin-fenix-7-watches |access-date=2024-11-15 |website=Wareable |language=en-US}}</ref> In 2024, the Independent Boat Builders, Inc. (IBBI) selected Garmin as its exclusive marine electronics and audio supplier.<ref name=":16">{{Cite web |last=Quandt |first=Adam |date=2024-07-02 |title=IBBI selects Garmin for marine electronics, audio through 2029 |url=https://boatingindustry.com/top-news/2024/07/02/ibbi-selects-garmin-for-marine-electronics-audio-through-2029/ |access-date=2024-11-05 |website=Boating Industry |language=en-US}}</ref> The selection starts in model year 2025 and runs through 2029.<ref name=":16" /> === Public offering === In December 2021, Garmin began trading on the New York Stock Exchange (NYSE) under the ticker symbol NYSE: GRMN.<ref name=":21">{{Cite web |last=Wildes |first=Michael |date=2021-12-08 |title=Garmin Transfers to NYSE, Now Trades as GRMN |url=https://www.flyingmag.com/garmin-transfers-to-nyse-now-trades-as-grmn/ |access-date=2025-01-03 |website=FLYING Magazine |language=en}}</ref> Previously, the company had traded on the NASDAQ exchange.<ref name=":21" /><ref name=":3" /> === Acquisitions === In August 2003, Garmin completed acquisition of UPS Aviation Technologies, Inc. based in [[Salem, Oregon]],<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=6385217|title=Garmin AT, Inc.: Private Company Information – Bloomberg|website=www.bloomberg.com|access-date=September 16, 2017}}</ref> a subsidiary of United Parcel Service, Inc.,<ref name=":1">{{Cite web |date=2003-07-25 |title=Garmin to acquire UPSAT |url=https://www.aopa.org/news-and-media/all-news/2003/july/25/garmin-to-acquire-upsat |access-date=2024-08-22 |website=www.aopa.org |language=en}}</ref> expanding its product line of panel-mounted [[Global Positioning System|GPS/NAV/COMM]] units and integrated [[Cockpit display system|cockpit systems]] for private and commercial aircraft. The acquired company changed its name to Garmin AT, Inc. and continued operations as a wholly owned subsidiary of Garmin International, Inc.<ref>{{Cite web |last=Staff |first=A. I. N. |title=Garmin to acquire UPS Aviation Technologies {{!}} AIN |url=https://www.ainonline.com/aviation-news/business-aviation/2008-07-31/garmin-acquire-ups-aviation-technologies |access-date=2024-08-22 |website=Aviation International News}}</ref><ref name=":1" /> Garmin has acquired Dynastream Innovations,<ref>{{Cite web |title=Garmin Enhances Its Health And Fitness Products With Dynastream Acquisition {{!}} InformationWeek |url=https://www.informationweek.com/software-services/garmin-enhances-its-health-and-fitness-products-with-dynastream-acquisition |access-date=2024-08-22 |website=www.informationweek.com |language=en}}</ref> EME Tec Sat SAS ([[Emergency position-indicating radiobeacon station|EME]]),<ref name=":2">{{Cite web |date=9 August 2007 |title=Garmin buys French distributor, sees deal adding to 2007 earns |url=https://www.reuters.com/article/markets/garmin-buys-french-distributor-sees-deal-adding-to-2007-earns-idUSWNAS6599/ |access-date=22 August 2024 |website=Reuters}}</ref> and Digital Cyclone.<ref>{{Cite web |last=Wyant |first=Carissa |date=5 January 2007 |title=Garmin acquires Digital Cyclone for $45M |url=https://www.bizjournals.com/twincities/stories/2007/01/01/daily28.html |access-date=2024-08-22 |website=Minneapolis/St. Paul Business Journal}}</ref> Dynastream, in [[Cochrane, Alberta]], produces personal monitoring technology ([[ANT+]])—such as foot pods and heart rate monitors for sports and fitness products—and also ultra-low-power and low-cost wireless connectivity devices for a wide range of applications ([[ANT (network)|ANT]]). EME Tec Sat SAS is the distributor of Garmin's consumer products in France; following the acquisition, EME changed its name to Garmin France SAS.<ref name=":2" /> Digital Cyclone Inc (DCI), located in [[Chanhassen, Minnesota]], provides mobile weather services to consumers, [[Aircraft pilot|pilots]], and outdoor enthusiasts. In 2007, Garmin bought Nautamatic Marine Systems,<ref>{{cite news |title=Garmin buys Oregon company Nautamatic |url=http://kansascity.bizjournals.com/kansascity/stories/2007/03/26/daily23.html?from_msn_money=1 |work=Kansas City Business Journal |date=March 28, 2007}}</ref> an Oregon-based company that makes [[autopilot]] systems for boats. In July 2011, Garmin finished its acquisition of the German [[satellite navigation]] company Navigon.<ref>{{cite news| title=Garmin confirms its acquisition of Navigon is complete | url=https://www.engadget.com/2011/07/26/garmin-confirms-its-acquisition-of-navigon-is-complete/ }}</ref> In 2015, Garmin acquired South Africa's iKubu Ltd. for its Backtracker on-bicycle low power radar system.<ref>{{cite news | title=Garmin acquires bike radar system | author=Burch, Bobby | date=January 15, 2015 | work=[[Kansas City Bus. J.|Kansas City Business Journal]] | url=http://www.bizjournals.com/kansascity/news/2015/01/15/garmin-ikubu-backtracker-radar-acquisition.html }}</ref> In 2016, Garmin acquired DeLorme, which gave Garmin DeLorme’s inReach satellite communication technology.<ref name=":12" /><ref name=":26" /> In 2017, Garmin acquired Navionics, a privately held manufacturer of nautical charts and mobile applications.<ref>{{Cite web |last= |date=2022-12-19 |title=Garmin Navionics: the wedding is on! Acquisition announced |url=https://www.barcheamotore.com/garmin-and-navionics-the-wedding-is-on-acquisition-announced/?lang=en |access-date=2025-01-21 |website=Mediterranean Boat Magazine |language=en-US}}</ref> In 2019, Garmin acquired Tacx, a privately held Dutch company that designs and manufacturers indoor bike trainers, tools and accessories, as well as indoor training software and applications.<ref>{{Cite web |date=2019-02-13 |title=Garmin Will Buy Tacx, and It Could Be Great for Indoor Cycling |url=https://www.bicycling.com/bikes-gear/a26325442/garmin-buys-tacx/ |access-date=2024-08-21 |website=Bicycling |language=en-US}}</ref> In 2020, Garmin acquired Firstbeat Analytics from Firstbeat Technologies.<ref name=":27" /><ref name=":28" /> Firstbeat Analytics designs physiological-measurement algorithms used by health and wellness devices.<ref name=":27">{{Cite web |date=2020-06-30 |title=Garmin acquires analytics company behind its smartwatches' fitness, health tracking features |url=https://www.mobihealthnews.com/news/garmin-acquires-analytics-company-behind-its-smartwatches-fitness-health-tracking-features |access-date=2025-01-23 |website=MobiHealthNews |language=en}}</ref><ref name=":28">{{Cite web |date=2020-07-03 |title=Garmin’s Firstbeat Acquisition Could Change the Coaching Landscape - Slowtwitch News |url=https://www.slowtwitch.com/industry/garmins-firstbeat-acquisition-could-change-the-coaching-landscape/ |access-date=2025-01-23 |website=Slowtwitch News - Your Hub for Endurance Sports |language=en}}</ref> Prior to the acquisition, Garmin and Firstbeat had a partnership to create dynamic training programs for athletes based on activity and fitness data captured throughout the day.<ref name=":28" /> In 2021 Garmin acquired AeroData, a [[Scottsdale, Arizona|Scottsdale]], [[Arizona]] based company that provides aircraft performance software for over 135 airlines worldwide. The company will continue to operate under the AeroData brand.<ref>{{Cite web|last=O'Connor|first=Kate|date=May 25, 2021|title=Garmin Acquires AeroData|url=https://www.avweb.com/aviation-news/business-aviation-news/garmin-acquires-aerodata/|access-date=May 26, 2021|website=AVweb}}</ref> Garmin also acquired Fltplan.com, a company that provides flight-planning, scheduling, and trip-support services;<ref>{{Cite web |last=Pope |first=Stephen |date=2018-08-30 |title=Garmin Buys FltPlan.com |url=https://www.flyingmag.com/garmin-buys-fltplancom/ |access-date=2025-01-23 |website=FLYING Magazine |language=en}}</ref> and, Geos Worldwide, an emergency monitoring and response service.<ref>{{Cite web |last=Sutton |first=Mark |date=2021-01-18 |title=Garmin acquires incident response and monitoring business Geos |url=https://cyclingindustry.news/garmin-acquires-incident-response-and-monitoring-business-geos/ |access-date=2025-01-23 |website=Cycling Industry News |language=en-GB}}</ref> In 2021, Garmin acquired GEOS Worldwide, a provider of emergency monitoring and incident response services.<ref>{{Cite web |last=FinSMEs |date=2021-01-05 |title=Garmin Acquires Assets of Geos Worldwide |url=https://www.finsmes.com/2021/01/garmin-acquires-assets-of-geos-worldwide.html |access-date=2025-01-21 |website=FinSMEs |language=en-US}}</ref> In 2022, Garmin acquired Vesper Marine, a privately-held provider of AIS, VH, and vessel monitoring solutions.<ref>{{Cite web |last=Quandt |first=Adam |date=2022-01-06 |title=Garmin acquires Vesper Marine |url=https://boatingindustry.com/news/2022/01/06/garmin-acquires-vesper-marine/ |access-date=2025-01-21 |website=Boating Industry |language=en-US}}</ref> In 2023, Garmin announced a definitive agreement to acquire JL Audio.<ref>{{Cite web |date=2023-10-30 |title=GPS Tech Company Garmin Acquires JL Audio |url=https://www.audioholics.com/news/garmin-acquires-jl-audio |access-date=2025-01-21 |website=Audioholics |language=en}}</ref> === Leadership === Cliff Pemble is the current CEO of Garmin.<ref name=":8" /> In October 2023, Garmin’s co-founders, Gary Burrell and Dr. Min Kao, were named to the U.S. National Aviation Hall of Fame class of 2024.<ref>{{Cite web |date=2023-10-19 |title=Garmin Founders To Be Honored In The National Aviation Hall of Fame |url=https://www.avweb.com/aviation-news/garmin-founders-to-be-honored-in-the-national-aviation-hall-of-fame/ |access-date=2025-01-28 |website=AVweb |language=en}}</ref> Burrell retired in 2002 as Garmin's [[chief executive officer]] and in 2004 retired as co-chairman of its [[board of directors]].<ref name=":3" /><ref name=":4">{{Cite web |last=Yakowicz |first=Will |title=GPS Pioneer And Garmin Cofounder Gary Burrell Dies At 81 |url=https://www.forbes.com/sites/willyakowicz/2019/06/14/gps-pioneer-and-garmin-cofounder-gary-burrell-dies-at-81/ |access-date=2024-08-27 |website=Forbes |language=en}}</ref> He remained chairman [[emeritus]] until his death in 2019.<ref name=":3">{{Cite news |last=Roberts |first=Sam |date=2019-06-20 |title=Gary Burrell, Who Helped People Find Their Way (With GPS), Dies at 81 |url=https://www.nytimes.com/2019/06/20/business/gary-burrell-dead.html |access-date=2024-08-27 |work=The New York Times |language=en-US |issn=0362-4331}}</ref><ref name=":4" /> Kao became CEO in 2003, and chairman in 2004.<ref>{{Cite web |title=GARMIN LTD. - DEF 14A |url=https://www.sec.gov/Archives/edgar/data/1121788/000130817913000235/lgarmin_def14a.htm |access-date=2024-08-27 |website=www.sec.gov}}</ref> In 2005, ''[[Forbes]]'' estimated Kao's [[net worth]] at $1.5 billion. He has donated $17.5 million to the University of Tennessee. The same year ''Forbes'' estimated Burrell's net worth as $940 million.<ref>{{cite news | title= Min Kao's entry on the Forbes List of the Richest Americans, 2005 | url= https://www.forbes.com/lists/2005/54/CMUR.html | work= [[Forbes]] | access-date= December 11, 2005 | archive-date= July 30, 2012 | archive-url= https://archive.today/20120730072932/http://www.forbes.com/lists/2005/54/CMUR.html | url-status= dead }}</ref> === July 2020 outage === On July 23, 2020, Garmin shut down its call centres, website and some online services, including Garmin Connect and flyGarmin, after a [[ransomware]] attack encrypted its internal network and some production systems. The company did not say it was a ransomware attack, but company employees writing on social media described it as such,<ref name="Sweney-24Jul2020">{{cite news |last1=Sweney |first1=Mark |title=Smartwatch maker Garmin hit by outages after ransomware attack |url=https://www.theguardian.com/business/2020/jul/24/smartwatch-maker-garmin-hit-by-outages-after-ransomware-attack |access-date=July 24, 2020 |work=Guardian |date=July 24, 2020}}</ref> with some speculation about a ransomware strain called WastedLocker<ref name="ZDnet-23Jul2020">{{cite news |last1=Cimpanu |first1=Catalin |title=Garmin services and production go down after ransomware attack |url=https://www.zdnet.com/article/garmin-services-and-production-go-down-after-ransomware-attack/ |access-date=July 24, 2020 |work=ZDnet |date=July 23, 2020}}</ref> later confirmed.<ref name="Gatlan-24Jul2020">{{cite news |last1=Gatlan |first1=Sergiu |title=Garmin outage caused by confirmed WastedLocker ransomware attack |url=https://www.bleepingcomputer.com/news/security/garmin-outage-caused-by-confirmed-wastedlocker-ransomware-attack/ |access-date=July 27, 2020 |work=Bleeping Computer |date=July 24, 2020}}</ref> Hackers reportedly demanded a $10 million ransom from Garmin.<ref name="Long-26Jul2020">{{cite news |last1=Long |first1=Jonny |title=Hackers reportedly demand $10 million ransom from Garmin |url=https://www.cyclingweekly.com/news/latest-news/garmin-issue-apology-and-say-no-indication-personal-data-was-stolen-460638 |access-date=July 27, 2020 |work=Cycling Weekly |date=July 26, 2020}}</ref> The company instituted a "multi-day maintenance window" to deal with the attack's impacts.<ref name="ZDnet-23Jul2020"/> Some Garmin online services began to function again on July 27, 2020, though delays in synchronising data with connected applications were expected; [[Strava]] anticipated a delay of "a week or longer".<ref name="Griffin-27Jul2020">{{cite news |last1=Griffin |first1=Andrew |title=GARMIN DOWN: CONNECT ONLINE SERVICE FINALLY COMING BACK UP AFTER DAYS-LONG OUTAGE |url=https://www.independent.co.uk/life-style/gadgets-and-tech/news/garmin-down-connect-mobile-not-working-up-online-a9639331.html |access-date=July 27, 2020 |work=Independent |date=July 27, 2020}}</ref> Experts speculated that Garmin had paid hackers a reported $10m ransom, or brokered some other kind of deal.<ref name="Knowles-29Jul2020">{{cite news |last1=Knowles |first1=Tom |title=Garmin 'pays hackers $10m' |url=https://www.thetimes.com/uk/defence/article/personal-fitness-company-garmin-pays-hackers-10m-mp557wmvx |access-date=July 29, 2020 |work=The Times |date=July 29, 2020}}</ref><ref name="Scroxton-28Jul2020">{{cite news |last1=Scroxton |first1=Alex |title=Garmin may have paid hackers ransom, reports suggest |url=https://www.computerweekly.com/news/252486775/Garmin-may-have-paid-hackers-ransom-reports-suggest |access-date=July 29, 2020 |work=Computer Weekly |date=July 28, 2020}}</ref> The outage meant Garmin could not receive calls or emails, or conduct online chats.<ref>{{Cite web|last=Murphy|first=Mary|date=July 24, 2020|title=Garmin Goes Dark: Wearables, Servers Struck by Mysterious Outage|url=https://gearjunkie.com/garmin-outage|access-date=July 24, 2020|website=GearJunkie|archive-date=July 24, 2020|archive-url=https://web.archive.org/web/20200724215301/https://gearjunkie.com/garmin-outage|url-status=dead}}</ref> Athlete users of Garmin wearables could not upload mileage, location, heart rate, and other data. Pilots were unable to download data for Garmin aircraft navigational systems, preventing flight scheduling.<ref name="ZDnet-23Jul2020"/> Garmin said there was "no indication" that personal information had been stolen.<ref name="Griffin-26Jul2020">{{cite news |last1=Griffin |first1=Andrew |title=GARMIN DOWN: COMPANY ASSURES USERS THERE IS 'NO INDICATION' THAT PERSONAL DATA WAS STOLEN IN CONNECT OUTAGE |url=https://www.independent.co.uk/life-style/gadgets-and-tech/news/garmin-down-connect-not-working-outage-sync-personal-information-data-a9638131.html |access-date=July 27, 2020 |work=Independent |date=July 26, 2020}}</ref>
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