Garmin Expands Its Portfolio with Acquisition of Lumishore, a Top Player in Marine LED Lighting

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October 22, 2024

Garmin Ltd. has announced its acquisition of Lumishore, a leading provider of high-performance LED lighting systems for boats. This strategic move enhances Garmin’s marine product portfolio by integrating Lumishore’s innovative above and underwater lighting solutions, catering to a range of vessels from runabouts to superyachts. Both companies share a commitment to advancing the boating experience, with Garmin’s Marine Segment Leader highlighting the synergy between their offerings. Lumishore, known for its cutting-edge technology and designs, will become part of Garmin’s global workforce, although financial details of the acquisition remain undisclosed. The collaboration aims to deliver exceptional lighting technology to customers worldwide.

Original source:

https://www.stocktitan.net/news/GRMN/garmin-acquires-lumishore-a-leader-in-marine-led-g9a522109xf3.html

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