Garmin, Ltd. has acquired Lumishore, a privately held company that designs and manufactures LED lighting systems (above- and below-water) for boats.
Financial terms of the acquisition will not be disclosed.
“Lumishore brings an exciting new product category that complements Garmin’s existing marine portfolio and furthers our ability to provide seamless vessel integration,” said Jarrod Seymour, VP of Garmin Marine Segment Leader, when announcing the deal. “As a technology leader in LED lighting, Lumishore will expand Garmin’s innovative solutions all around the vessel. Together, we look forward to delivering unmatched LED lighting technology to our customers around the world.”
Lumishore has manufactured LED lighting systems used on various vessels, from runabouts to superyachts, for over 15 years. “A trusted name in boat-wide LED systems, Lumishore offers a comprehensive range of single, dual and full-color change underwater and above-water lighting systems,” Garmin said in a media release.
“Since our founding, Lumishore has been passionate about creating innovative products that enhance the boating experience,” offered Eifrion Evans, founder and CEO. “Garmin shares our passion for serving the marine industry, making them an ideal company to carry Lumishore into the future. We look forward to a bright future working together as we continue to elevate the lighting experience for our customers.”
Lumishore is a vertically integrated company with in-house R&D and production headquartered in Swansea, U.K., and a distribution center in Sarasota, FL. Its employees will join the global Garmin company.
Garmin, Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the U.S., the U.K. and Taiwan.
Image courtesy Lumishore
