Tuesday, February 14, 2012

Garmin Buys Interphase

Satellite navigation provider Garmin said this morning that it has agreed to acquire Soquel, California-based Interphase Technologies, a developer of phased array scanning sonar technology. Financial terms of the buy were not disclosed. Garmin said the buy will allow it to expand its marine product portfolio, particularly in the area of sonar technology. Interphase was founded in 1986. Garmin said it will continue to operate Interphase as Garmin Santa Cruz, with research and development continuing in Soquel.