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Garmin Completes Acquisition Of Distributor In Finland
Cayman Islands (SPX) Jul 01, 2008 Garmin has announced that it has completed the acquisition of NavCor Oy, the distributor of Garmin's automotive, outdoor recreation, fitness and marine products in Finland. The company will be renamed Garmin Suomi Oy and will retain its management, sales, marketing and supporting staff, and will continue operations at its current headquarters and warehouse facility located in Lohja, Finland. Dr. Min Kao, chairman and CEO of Garmin Ltd., said, "We are very pleased to complete this acquisition and to be able to integrate the NavCor team into the Garmin organization. We anticipate the completion of this acquisition will enable us to expand our ability to support the key retail channels for our products in Finland." Tony Malmstrom, managing director of NavCor, said, "We look forward to achieving further growth of Garmin's sales in Finland and to realizing the benefits of full integration into the Garmin team." Financial terms of the transaction were not released. Community Email This Article Comment On This Article Related Links Garmin GPS Applications, Technology and Suppliers
Virgin Mobile USA To Acquire Helio For Approximately 39 Million Dollars In Equity
Warren NJ (SPX) Jun 30, 2008Virgin Mobile USA has announced that it has entered into an agreement to acquire Helio, a joint venture between SK Telecom and EarthLink, providing highly advanced postpaid products and services with unique user applications. |
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