Garmin Acquires AeroData for Undisclosed Sum

Garmin Ltd (NASDAQ: 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.

Benzinga