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Garmin Ltd. is an American multinational technology organization established by Min Kao and Gary Burrell in 1989 in Lenexa and Kansas in the United States. Garmin has its head office in Olathe, Kansas. The company was incorporated in Schaffhausen, Switzerland, in 2010. Garmin specializes in G.P.S. technology for aviation, marine, automotive, sports, and outdoor activities. They compete with smartwatch and activity tracker developers like Fitbit and Apple because of their growth in wearable technology. Gary Burrell has employed Min. H. Kao from a defense contractor Magnavox to achieve his desire. They have started Garmin with its first name ProNav in Lenexa, Kansas. Its G.P.S. products were first sold for $2,500. Later on, the company was renamed Portmanteau in 1991. The U.S. Army department was its first client.
In 1995, Garmin sales had approached $105 million with a net profit of $23 million. Garmin received a net profit percentage of 73% in 2006 with a revenue of $1.77 billion against $1.03 billion in 2005. Garmin had sold three million G.P.S. devices till 2000 and produced 50 different models. Garmin products were distributed in 100 nations to 2,5000 independent distributors. The company had established 35 patents on G.P.S. technology till 22 August 2000. The working staff has reached to 1,205 till June 2000. Garmin also established Connect IQ 3.0 and three new applications like Yelp, Trailforks, and iHeartRadio. The company was enlisted to trade a market called NASDAQ on 8 December 2000. Both Burrell and Kao had owned 45% stock out of the entire company’s stock.
Association of Garmin with other Enterprises
Garmin acquired U.P.S. Aviation Technologies Inc. in 2003, located in Salem, Oregon. This organization is a subsidiary of United Parcel Service, manufacturing GPS/NAV/COM units and integrated cockpit systems for private and commercial airlines. The associated company has amended its name to Garmin AT Inc. and worked as a fully-owned subsidiary of Garmin International Inc.
Later on, it acquired Digital Cyclone and Dynastream Innovations, manufacturing personal monitoring technology like foot pods and heart-rate monitors for fitness and sports products. It has also established ultra-low power and low-cost wireless connectivity devices for various applications. Digital Cyclone Inc. is located in Chanhassen, Minnesota, offering mobile weather solutions to pilots, consumers, and outdoor enthusiasts. Garmin has also purchased Nautamatic Marine Systems that develops autopilot systems for boats. Garmin completed its acquisition of the German Satellite Navigation company Navigon in July 2011. After going through its overview, if you wish to clarify anything regarding Garmin products, you must contact the Garmin customer service number to get updated information.