Garmin Signs Purchase Agreement to Acquire JL Audio
Will boost availability of premium audio features.
Electronics company Garmin Ltd. has entered into a definitive agreement to acquire JL Audio, a privately held U.S. company that designs and manufactures audio solutions for automotive aftermarket, powersports, RV, marine and in-home applications.
“JL Audio’s extensive audio experience will create new opportunities to provide premium audio features across a broad range of our markets and products,” says Cliff Pemble, Garmin president and CEO. “The JL Audio brand is known around the world for offering a premium audio experience that is made possible by their talented and dedicated associates. We look forward to welcoming the JL Audio team into the Garmin family.”
With more than four decades of experience, JL Audio offers premium audio products and accessories including speakers, amplifiers, subwoofers and other components.
“JL Audio shares Garmin’s vision to deliver unique technology solutions, supported by meaningful R&D and engineering,” says Lucio Proni, JL Audio founder and CEO. “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 years to come.”
JL Audio is headquartered in Miramar, Florida, and has more than 600 employees. Completion of the acquisition is expected prior to the end of 2023.
