Garmin Enhances Marine Product Line with Acquisition of Lumishore

Garmin Ltd. has announced its acquisition of Lumishore, a prominent manufacturer of high-performance LED lighting systems for the marine industry, though financial details remain undisclosed. This move aims to enhance Garmin’s marine product portfolio by integrating advanced lighting solutions, furthering the company’s commitment to innovation in the sector. Both Garmin and Lumishore leaders expressed excitement about the collaboration, emphasizing a shared passion for improving the boating experience. Lumishore’s team will be integrated into Garmin’s global workforce, strengthening Garmin’s position in the marine lighting market. Amid this acquisition, Garmin’s financial health remains robust, reporting a 14% revenue increase for Q2 2024 and maintaining a strong market capitalization, which enables strategic expansions like this.

Garmin Enhances Marine Product Line with Acquisition of Lumishore

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