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Garmin Acquires Alphamantis Technologies Based in Montreal, Que.

release by Garmin Ltd.

July 21, 2017 (Schaffhausen, Switzerland) – Garmin Ltd. (NASDAQ: GRMN), today announced that it has acquired Alphamantis Technologies Inc., a privately held designer of aerodynamics testing and measurement technology for the cycling industry.Garmin Logo brand.33.4Alphamantis develops technology that allows typical cyclists to test and refine their drag coefficient in everyday riding conditions, without having to use expensive and time-consuming wind tunnel testing.

Alphamantis_LOGO_REDESIGN_GREEN_LARGETEXTThe majority of associates will be retained and will continue working in Montreal, Canada. Financial terms of the acquisition will not be released.





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