Garmin signs agreement to acquire Interphase15/03/2012
Garmin, the global leader in satellite navigation, signed an agreement to acquire Interphase Technologies Inc., a privately-held creator and manufacturer of phased array scanning sonar technology headquartered in Soquel, California. This transaction is expected to be finalized within the next 30 days, and will allow Garmin to expand its overall marine product portfolio, particularly in the area of sonar technology.
Solidifying commitment to the marine market
“Interphase’s technology is a great complement to Garmin’s growing marine business,” said Cliff Pemble, president and COO of Garmin. “Like Garmin, Interphase shares our passion for innovation and support, and we feel that this transaction further solidifies our commitment to the marine market. By adding Interphase’s talents and technologies to the Garmin family, we believe we can leverage our areas of expertise into products that can greatly enhance a boater’s experience on the water.”
Building world-leading sonar technology
“We are excited to join forces with Garmin, who we’ve always respected as a leading marine electronics supplier, and we look forward to integrating our technology into the company’s core marine product lines,” said Charles Hicks, CEO and Board Chairman of Interphase. “This move will further our ability to build world-leading sonar technology for all of our customers.”
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