Garmin signed an agreement to acquire Interphase Technologies Inc., a privately held creator and manufacturer of phased array scanning sonar technology based in Soquel, Calif.
Financial terms of the agreement will not be released.
This transaction is expected to be finalized within the next 30 days and it will allow Garmin to expand its overall marine product portfolio, particularly in sonar technology.
“Interphase’s technology is a great complement to Garmin’s growing marine business,” Garmin president and COO Cliff Pemble said in a statement. “Like Garmin, Interphase shares our passion for innovation and support, and we feel that this transaction further solidifies our commitment to the marine market. By adding Interphase’s talents and technologies to the Garmin family, we believe we can leverage our areas of expertise into products that can greatly enhance a boater’s experience on the water.”