Jan 11, 2022

Garmin Acquires Vesper MarineOn January 3, 2022, Garmin® Ltd. (NYSE:GRMN), announced that it has acquired Vesper Marine, a privately-held provider of AIS, VHF and vessel monitoring solutions for the marine industry. This acquisition is expected to bolster Garmin’s industry-leading lineup of marine products and technology designed to provide peace of mind and enhanced situational awareness for boaters.

With almost 15 years of experience, Vesper has developed a suite of communication products and solutions for power, sail and workboats, including the award-winning Cortex system. Cortex combines a state-of-the-art VHF radio with Vesper’s unique smartAIS transponder and remote vessel monitoring technology. Vesper’s smartAIS transponders incorporate built-in alarms to alert mariners of potential collisions, dragging anchors and man overboard situations. The company also offers mobile apps to monitor, view and manage a Cortex system or smartAIS transponder for iOS and Android devices.

“Vesper has pioneered a number of innovations in the marine communications space, with recognition across the industry for its emphasis on user-friendly and intuitive interfaces that make it easier to communicate on the water,” said Jarrod Seymour, Garmin vice president, marine segment leader. “Together with the Vesper team, we look forward to providing an unmatched portfolio of integrated marine communications products and services to our customers.”

“We are excited to have the support from a marine technology leader like Garmin,” said Carl Omundsen, Vesper Marine co-founder. “This combination will allow Vesper to expand its capabilities and integration into the marine communication market to make an even greater impact in the boating industry.”

Vesper Marine is headquartered in Auckland, New Zealand and will join Garmin’s existing team and facility located in Auckland. Financial terms of the acquisition will not be released.

Boating Industry Canada News Week

 

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you're looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here

 

 

 

 

 

Marine Products

  • Prev
ePropulsion, a market challenger in marine electric propulsion systems and services, on June 21st, ...
The IPX6 waterproof 12/24V Qi certified phone waterproof wireless charging range enables charging ...
Whether it's a single small outboard on the back of a runabout or quads on an offshore center ...
Clean and gleaming in the sun, new boats have a sparkle that quickly fades if preventative steps ...
With a greater than 8% year-over-year sales growth (in the US), personal watercraft (PWC) continue ...
With a bold, fresh look and key features, the new JBL-R4500 is the latest in the WAKE Series of ...
The Toon Fender™ is the first fender designed especially for pontoon boats. It is designed to ...
Staying warm out on the open ocean is a technological marvel with STEP Marine, all-electric radiant ...
When the twist-type connector was invented in 1938, production boats were made of wood and didn't ...
Imagine. Boat at anchor, coffee in your hand, the wind is blowing. Suddenly, this tranquil moment ...

People

  • Prev
Chaparral Boats, Inc. and Robalo Boats LLC awarded $100,000 in college scholarships to ten ...
Meet Brook Butler, Quadrant Marine Institute MST instructor in Sidney. On the job, he’s a Marine ...
Mercury Marine, a division of Brunswick Corporation (NYSE: BC), has named Perissa Millender Bailey ...
MasterCraft Boat Company, a subsidiary of MasterCraft Boat Holdings Inc. (NASDAQ: MCFT), announced ...
The Boating Ontario Association is excited to announce and welcome Lesley Hough as our new ...
Volvo Penta welcomes Lennart Börjesson as a new member of its Executive Management Group. As of 1 ...
Everglades Boats, an industry-leading designer and builder of premium offshore fishing boats, ...
Boating Ontario has just shared the news of Douglas Barnier passing away peacefully with his family ...
Volvo Penta welcomes Fredrik Högberg as a new member of its Executive Management Group. As of 15 ...
For the past 23 years there has been no greater contributor to sailing and power boating in Nova ...