- Garmin Ltd GRMN acquired aircraft performance software provider AeroData Inc.
- The financial terms of the transaction were not disclosed.
- AeroData’s portfolio includes runway analysis, takeoff and en-route performance, weight and balance, automated passenger and cargo load planning.
- AeroData’s extensive load planning, performance, and flight path analysis expertise significantly expanded Garmin’s digital services portfolio apart from broadening Garmin’s presence in commercial aviation, Garmin EVP Phil Straub said.
- Garmin held $3.2 billion in cash and equivalents as of March 27, 2021.
- Price action: GRMN shares traded higher by 0.58% at $140.60 on Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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