Late last week, Garmin International announced it will acquire UPS Aviation Technologies (UPSAT), a subsidiary of United Parcel Service, for $38 million in cash. Garmin spokesman Pete Brumbaugh said the company could not yet release many of the details, but they will discuss the deal at an AirVenture press conference, and AVweb will be there. UPSAT, headquartered in Salem, Ore., has been involved in the development of Automatic Dependent Surveillance Broadcast (ADS-B) technology and WAAS navigation systems. UPSAT will become a wholly owned subsidiary of Garmin International and will change its name to Garmin AT Inc., when the deal is finalized. UPSAT also builds panel-mounted GPS navigation systems, multifunction displays and other aviation navigation and communication technologies. The deal is scheduled to close sometime before the end of September.
Garmin To Acquire UPS Aviation Technologies
Key Takeaways:
- Garmin International announced its acquisition of UPS Aviation Technologies (UPSAT), a subsidiary of United Parcel Service, for $38 million in cash.
- UPSAT specializes in developing Automatic Dependent Surveillance Broadcast (ADS-B) and WAAS navigation systems, along with panel-mounted GPS, multifunction displays, and other aviation technologies.
- Upon finalizing the deal, UPSAT will become a wholly-owned subsidiary of Garmin International and will be renamed Garmin AT Inc.
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