Switzerland and Stockholm, Sweden/September 13, 2012/Business Wire —Garmin Ltd.
(NASDAQ: GRMN), the global leader in satellite navigation, today announced that
one of its subsidiaries has acquiredNexus Marine AB, a privately-held designer
and manufacturer of instrumentation for the sailing and yachting market. The acquisition is being announced in
conjunction with the Southampton Boat Show, September 14-23, 2012.