Garmin's Strategic Move: Acquisition of Acclaimed Audio Solutions Provider, JL Audio
Garmin, a recognized global leader in innovative technology solutions, has taken a significant step forward by entering into an acquisition agreement with JL Audio, a highly esteemed manufacturer of premium audio solutions. This strategic move will allow Garmin to expand its product offerings and enhance the audio experiences it delivers across diverse markets and products.
The announcement comes as a testament to the shared values and vision between the two companies. JL Audio's rich legacy of over 40 years in the industry, coupled with its exceptional expertise in crafting superior audio products, aligns seamlessly with Garmin's commitment to delivering innovative solutions supported by robust research and engineering efforts.
Cliff Pemble, President and CEO of Garmin, expressed the excitement surrounding this collaboration, highlighting the remarkable potential it holds for both companies. The integration of JL Audio's extensive audio experience is anticipated to open new avenues for premium audio features, catering to a broad spectrum of markets that Garmin serves. The JL Audio brand, celebrated worldwide for its dedication to offering an unparalleled audio experience, is powered by a team of passionate and skilled associates.
Lucio Proni, Founder and CEO of JL Audio, echoed the sentiment of alignment and shared purpose. He emphasized that the merger with Garmin's product ecosystem presents an extraordinary opportunity to leverage JL Audio's audio knowledge and engineering excellence. This collaboration is poised to generate remarkable audio products that will captivate consumers for years to come.
Headquartered in Miramar, Florida, JL Audio boasts a workforce of over 600 associates. The acquisition is projected to conclude by the conclusion of 2023, pending the fulfillment of customary regulatory approvals and closing conditions. Importantly, all existing JL Audio products will continue to receive steadfast support after the acquisition, assuring customers of uninterrupted access to high-quality products and exceptional customer service.
As both companies strive to revolutionize industries, Garmin remains committed to its core principle of innovation. By continuously pushing boundaries and embracing opportunities for advancement, Garmin empowers individuals to optimize their pursuit of passions, making each day an occasion to surpass prior achievements.