Garmin Acquires Privately-held Company Lumishore; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Garmin has acquired Lumishore, a UK-based company specializing in premium LED lighting systems for vessels. The financial terms of the acquisition were not disclosed. Lumishore's team will join Garmin's global workforce.
October 22, 2024 | 11:59 am
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Garmin has acquired Lumishore, enhancing its marine product line with premium LED lighting systems. This acquisition could strengthen Garmin's position in the marine market.
The acquisition of Lumishore by Garmin is likely to positively impact Garmin's stock in the short term as it expands its product offerings in the marine sector. The integration of Lumishore's technology and workforce could enhance Garmin's market position and product innovation.
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