Garmin to acquire assets of Fusion Electronics
Fusion is a privately-held provider of integrated marine audio equipment, headquartered in Auckland, New Zealand. The completion of the acquisition, which is subject to customary conditions, is expected to occur on June 30, 2014.
Fusion offers an innovative range of audio products and accessories, many of which are designed for use in a challenging marine environment. Fusion’s flagship head unit, the 700 Series, allows boaters to connect and control their audio through select marine multifunction displays (MFDs), and select multi-zone audio configuration specific to their vessels.
Garmin New Zealand Limited, a wholly owned subsidiary of Garmin Ltd., will operate as Fusion Entertainment in Fusion’s present facilities in Auckland, New Zealand following the completion of the acquisition. Substantially, all the Fusion product line will remain available, as will support for the company’s existing products. Fusion Entertainment will continue to support all Fusion-Link partners accordingly.
Financial terms of the acquisition will not be released. ■