Garmin Ltd. (shortened to Garmin, stylized as GARMIN, and formerly known as ProNav) is an American multinational technology company founded in 1989 by Gary Burrell and Min Kao in Lenexa, Kansas, United States, with headquarters in Olathe, Kansas. Since 2010, the company is incorporated in Schaffhausen, Switzerland.
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S&P 500 Component
|Founded||October 1989 (as ProNav) in Lenexa, Kansas, United States|
|Headquarters||Olathe, Kansas, U.S (operations), Schaffhausen, Switzerland (legal domicile)|
|Cliff Pemble (President & CEO)|
Min Kao (Chairman)
Doug Boessen (CFO)
|Products||GPS receivers, avionics, wearable technology|
|Revenue||$4.19 billion (2020)|
|$1054 million (2020)|
|$992 million (2020)|
Number of employees
|Subsidiaries||Garmin International Inc., Garmin (Asia) Corporation|
The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sport activities. Due to their development in wearable technology, they have also been competing with activity tracker and smartwatch consumer developers such as Fitbit and Apple.