Acquisition expands reach into air transport services

SCHAFFHAUSEN, Switzerland–(BUSINESS WIRE)–Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), today announced the acquisition of AeroData, Inc., a privately held, industry leading provider of aircraft performance software and services tailored to commercial and business aviation. AeroData’s portfolio includes products such as runway analysis, takeoff and en route performance, weight and balance, automated passenger and cargo load planning, global airport obstacle database, around-the-clock NOTAM monitoring, and other customized software solutions.


“We are excited to welcome the AeroData team to the Garmin family. We look forward to building upon AeroData’s incredible success in providing advanced software solutions for both air transport and business aviation,” said Phil Straub, Garmin executive vice president and managing director, aviation. “In addition to broadening Garmin’s presence in commercial aviation, AeroData’s extensive load planning, performance, and flight path analysis expertise significantly enhances and expands our digital services portfolio.”

One of the largest aircraft performance, load planning, and weight and balance providers for air transport aircraft, AeroData serves more than 135 airlines worldwide with continued expansion underway. Offering performance data to more than 70 percent of airline flights in North America, AeroData supports all major commercial aircraft including Airbus, ATR, Boeing, Bombardier and Embraer.

“AeroData provides aircraft performance data for more than 20,000 commercial flights each day, and we are excited to further expand this reach to commercial and business aviation customers worldwide within the Garmin aviation ecosystem,” said Terry McDonough, AeroData, Inc. president. “Garmin’s leadership position in flight deck and digital technologies make it an ideal fit for AeroData and our customers. We are excited to work with the entire Garmin team to continue innovating and serving the needs of our growing customer base around the world.”

Headquartered in Scottsdale, Arizona, AeroData will continue to operate from that location under the AeroData brand. Financial terms of the acquisition will not be disclosed. For more information, contact sales@aerodata.aero or visit www.aerodata.co/.

Garmin’s aviation business segment is a leading provider of solutions to OEM, aftermarket, military and government customers. Garmin’s portfolio includes navigation, communication, flight control, hazard avoidance, an expansive suite of ADS-B solutions and other products and services that are known for innovation, reliability, and value. For more information, visit Garmin’s virtual pressroom at garmin.com/newsroom, contact the Media Relations department at media.relations@garmin.com, or follow us at facebook.com/garminaviation, twitter.com/garminaviation, instagram.com/garminaviation, youtube.com/garminaviation, or linkedin.com/company/garmin.

About Garmin

Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries.

All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 26, 2020, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Contacts

For business/corporate inquiries:

Krista Klaus

Garmin International, Inc.

Phone | 913-397-8200

E-Mail | media.relations@garmin.com

For aviation inquiries:

Conor McDougall

Garmin International, Inc.

Phone | 913-397-8200

E-Mail | media.relations@garmin.com

0 comments