Garmin International and Garmin Services, units of Garmin Ltd. (NASDAQ: GRMN), acquired all the assets of Montgomery, Texas-based Geos Worldwide Limited and its subsidiaries.
The amount of the deal was not disclosed.
Led by Peter Chlubek, executive chairman, GEOS Worldwide provides emergency monitoring and incident response services, and operates the International Emergency Response Coordination Center (IERCC), the center for SOS rescue efforts triggered by Garmin’s inReach® personal satellite communicators. The IERCC’s skilled response coordinators have fielded more than 83,000 emergency incidents around the globe since 2007, including more than 5,000 SOS incidents generated by Garmin customers.
According to Brad Trenkle, vice president of Garmin’s outdoor segment, “With this acquisition, Garmin is now able to provide even more peace of mind to our inReach users.”
“In an emergency, every moment matters. The addition of the IERCC to the Garmin family reinforces our commitment to helping our active lifestyle customers make it home safe from their adventures,” he added.
Garmin is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom.
FinSMEs
05/01/2020