Garmin Ltd., founded in 1989 by Gary Burrell and Min Kao, is a multinational technology company known for its GPS technology for automotive, aviation, marine, outdoor, and fitness markets. The company competes with other consumer developers like Fitbit and Apple in wearable technology.
Garmin's first product, launched in 1989, was a GPS unit priced at $2,500. By 2000, Garmin had sold three million GPS devices and was producing 50 different models. The company went public on NASDAQ in 2000.
Garmin's acquisitions include UPS Aviation Technologies, Dynastream Innovations, EME Tec Sat SAS, Digital Cyclone, Nautamatic Marine Systems, Navigon, Tacx, and AeroData. In 2020, Garmin faced a ransomware attack impacting its services. Garmin operates globally, with significant operations in the US, Taiwan, and the UK.
Their products range from handheld GPS devices, sports watches, fitness trackers, to navigation systems for aviation and marine. Garmin is tagged under GPS Technology.
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