Garmin acquires ‘a leader in marine LED lighting’ Lumishore, no terms

Garmin (GRMN) announced it has acquired Lumishore, a privately-held company that designs and manufactures high-performance above and underwater LED lighting systems for boats.”Lumishore brings an exciting new product category that complements Garmin’s existing marine portfolio and furthers our ability to provide seamless vessel integration. 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.” Jarrod Seymour, Garmin Vice President, Marine Segment…Lumishore is headquartered in Swansea, United Kingdom with a distribution center in Sarasota, Fla. A vertically integrated company with in-house R&D and production, its associates will become part of the global Garmin workforce. Financial terms of the acquisition will not be disclosed..