Garmin completes acquisition of JL Audio
Garmin has completed the acquisition of JL Audio, a privately-held US company that designs and manufactures audio solutions, including speakers, amplifiers, subwoofers and other audio components for marine, aftermarket automotive, powersports, home and RV customers.
The news of the acquisition was announced in August 2023, shortly after Garmin posted its second-quarter results, showing a return to consolidated net growth with revenue gains in three of its five operating segments.
“We are thrilled to welcome JL Audio to the Garmin team,” says Cliff Pemble, Garmin president and CEO. “JL Audio has a strong reputation for providing premium audio quality, and we are excited to integrate these highly regarded features into the Garmin ecosystem. Together, we look forward to providing a best-in-class audio experience for new and existing customers around the world.”
JL Audio will continue operations at its current headquarters in Miramar, Florida, and in its facilities in Portland, Oregon, and Phoenix, Arizona.
The company employs more than 600 associates who will become part of the global Garmin team. The JL Audio brand name will be retained, and its products will be integrated into Garmin’s marine segment. Garmin says all existing JL Audio products will continue to be supported post-closing.
Financial terms of the transaction will not be disclosed.
In unrelated news, Garmin unveiled its flagship GPSMAP 9000 chartplotter series with improved specifications earlier this month (September 2023). Available with 19”, 22”, 24” or 27” touchscreen displays, Garmin’s latest all-in-one chartplotters offer 4K resolution, powered by a processor that is seven times faster than previous generations.
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