Garmin has entered into a definitive agreement to acquire JL Audio, a privately-held U.S. company that designs and manufactures audio solutions for marine, aftermarket automotive, powersports, home and RV customers.
“JL Audio’s extensive audio experience will create new opportunities to provide premiumaudio features across a broad range of our markets and products. The JL Audio brand is known around the world for offering a premium audio experience which is made possible by their talented and dedicated associates. We look forward to welcoming the JL Audio team into the Garmin family,” said Cliff Pemble, Garmin President and CEO.
With over four decades of experience, JL Audio offers premium audio products and accessories, including speakers, amplifiers, subwoofers and other audio components.
“JL Audio shares Garmin’s vision to deliver unique technology solutions, supported bymeaningful R&D and engineering. We are thrilled at the opportunity to integrate into Garmin’s product ecosystem. JL Audio will contribute audio knowledge and engineering expertise to create great audio products for many years to come,” said Lucio Proni, JL Audio Founder and CEO.
The completion of this acquisition is expected to happen by the end of 2023 and is subject to customary regulatory approvals and closing conditions. All existing JL Audio products will continue to be supported post-closing. Financial terms of the acquisition will not be disclosed.
