Garmin completes acquisition of JL Audio
The Floridant/10245570

OLATHE, Kan., Sept. 20, 2023 ~ Garmin Ltd. (NYSE: GRMN) has completed the acquisition of JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home and RV customers. The company will continue operations at its current headquarters in Miramar, Fla., and in its facilities in Portland, Ore., and Phoenix, Ariz.

Cliff Pemble, Garmin President and CEO said "We are thrilled to welcome JL Audio to the Garmin team. JL Audio has a strong reputation for providing premium audio quality, and we are excited to integrate these highly regarded features into the Garmin ecosystem. Together, we look forward to providing a best-in-class audio experience for new and existing customers around the world."

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JL Audio 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 is known for revolutionizing the aviation, automotive, fitness, marine and outdoor markets with their products engineered on the inside for life on the outside. They believe every day is an opportunity to innovate and a chance to beat yesterday.

Garmin Ltd., incorporated in Switzerland with principal subsidiaries located in the United States, Taiwan and the United Kingdom is a registered trademark of Garmin Ltd or its subsidiaries. All other brands, product names, company names trademarks and service marks are properties of their respective owners.
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