Garmin Ltd. Announces Completed Acquisition of JL Audio – RVBusiness – Breaking RV Industry News

OLATHE, Kan. – Garmin Ltd. (NYSE: GRMN), today announced it has completed the acquisition of JL Audio, a privately-held 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.

“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.” –Cliff Pemble, Garmin President and CEO

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.

Engineered on the inside for life on the outside, Garmin products have revolutionized the aviation, automotive, fitness, marine and outdoor markets. Dedicated to helping people make the most of the time they spend pursuing their passions, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. Visit the Garmin Newsroom, email our media team, connect with @garmin on social, or follow our blog.

About Garmin Ltd. 

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

Source: https://rvbusiness.com/garmin-ltd-announces-completed-acquisition-of-jl-audio/