Garmin

Garmin Ltd.
FormerlyProNav (1989-1990)
Company typePublic
ISINCH0114405324
IndustryTechnology
Consumer electronics
Software services
Online services
FoundedOctober 1989 (1989-10) (as ProNav) in Lenexa, Kansas, U.S.
Founders
Headquarters
Area served
Worldwide
Key people
Cliff Pemble (President & CEO)
Min Kao (Chairman)
Doug Boessen (CFO)
Josh Maxfield (VP, General Counsel)
Patrick Desbois (Co-COO)
Brad Trenkle (Co-COO)
ProductsGPS receivers, avionics, wearable technology
RevenueIncrease US$5.23 billion (2023)
Increase US$1.09 billion (2023)
Increase US$1.29 billion (2023)
Total assetsIncrease US$8.60 billion (2023)
Total equityIncrease US$7.01 billion (2023)
Number of employees
c. 20,000 (2024)
Websitegarmin.com
Footnotes / references
[1] [2]

Garmin Ltd. (shortened to Garmin, stylized as GARMIN, and formerly known as ProNav) is an American, Swiss-domiciled multinational technology company founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas, United States, with operational headquarters in Olathe, Kansas.[3][4] Since 2010, the company is legally incorporated in Schaffhausen, Switzerland.[5]

The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sport activities.[6] Due to their development in wearable technology, they have also been competing with activity tracker and smartwatch consumer developers such as Fitbit and Apple.[7]

  1. ^ "Garmin Ltd. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 21, 2024.
  2. ^ "GRMNm.BA". Reuters. August 12, 2024.
  3. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  4. ^ "How high can Garmin Ltd. (GRMN) stock go? Analysts hold $40.11 price target". CWRUOBSERVER. Retrieved April 29, 2016.
  5. ^ "Garmin Ltd. company profile".
  6. ^ "About Us | Garmin | United States". www.garmin.com. Retrieved April 29, 2016.
  7. ^ Tenebruso, Joe (April 29, 2016). "Garmin Ltd. Returns to Growth". The Motley Fool. Retrieved April 29, 2016.

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