Garmin, a leading marine electronics manufacturer, has announced its acquisition of Lumishore, a UK-based company specializing in underwater lighting systems.
Acquisition
The acquisition expands Garmin’s portfolio of marine products and enhances its offerings in the underwater lighting segment. Lumishore’s expertise in LED lighting solutions for boats will complement Garmin’s existing marine product line.
Lumishore’s products are known for their innovative design, energy efficiency, and rugged construction. The company’s underwater lighting systems are designed to enhance the aesthetic appeal of boats, while also providing functional benefits such as increased visibility and safety.
Garmin’s acquisition of Lumishore is expected to strengthen its position in the marine market. The deal allows Garmin to leverage Lumishore’s technology and expertise to develop new products and solutions for customers.
Financial terms of the acquisition were not disclosed.
About Garmin
Garmin is a global leader in marine electronics, providing GPS navigation, fishfinders, radar, and other products to recreational and commercial mariners.
About Lumishore
Lumishore is a UK-based company specializing in underwater LED lighting systems for boats. Its products are designed for durability, energy efficiency, and innovative design.
This acquisition reflects the ongoing consolidation in the marine industry, as companies seek to expand their offerings and enhance their competitive position.
The acquisition is expected to be completed in the coming months, subject to regulatory approvals.
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