RTTNews | Jan 3, 2022 07:17AM EST

07:17 Monday, January 3, 2022 (RTTNews.com) - Garmin Ltd. (GRMN) announced Monday that it has acquired Vesper Marine, a privately-held provider of AIS, VHF and vessel monitoring solutions for the marine industry. Financial terms of the acquisition will not be released.

This acquisition is expected to bolster Garmin's industry-leading lineup of marine products and technology designed to provide peace of mind and enhanced situational awareness for boaters.

With almost 15 years of experience, Auckland, New Zealand-based Vesper has developed a suite of communication products and solutions for power, sail and workboats, including the award-winning Cortex system. The company also offers mobile apps to monitor, view and manage a Cortex system or smartAIS transponder for iOS and Android devices.

Vesper Marine will join Garmin's existing team and facility located in Auckland.

Read the original article on RTTNews ( https://www.rttnews.com/3252344/garmin-acquires-vesper-marine-for-undisclosed-terms-quick-facts.aspx)

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