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Cayman Islands: Garmin Italia
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CAYMAN ISLANDS, Nov. 27 /PRNewswire-FirstCall/ -- Garmin Ltd. (Nasdaq: GRMN) announced today that it has completed the acquisition of Synergy S.p.A. ("Synergy"), the distributor of Garmin's consumer products in Italy. The company will be renamed Garmin Italia S.p.A. and will retain its management, sales, marketing and supporting staff consisting of approximately 40 people and will continue operations at its offices in Milan.
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CAYMAN ISLANDS, Oct. 11 /PRNewswire-FirstCall/ -- Garmin Ltd. announced today that it has signed a letter of intent for the proposed acquisition of Fairpoint Navigation A/S ("Fairpoint"), the distributor of Garmin's consumer products in Denmark. The completion of the acquisition is subject to the negotiation and execution of a definitive acquisition agreement, the completion of legal and financial due diligence and customary closing conditions. The acquisition is expected to be completed in January 2008.
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CAYMAN ISLANDS, Nov. 15 /PRNewswire-FirstCall/ -- Garmin Ltd. (News) announces today a confidential global settlement of all of its intellectual property litigation with TomTom. (News/Aktienkurs) The settlement resolves all of the pending intellectual property litigation including cases in the UK, Netherlands, Wisconsin, and Texas. The parties did not disclose details of their agreement.
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CAYMAN ISLANDS, Jan 17, 2008 /PRNewswire-FirstCall via COMTEX/ -- Garmin Ltd. (GRMN) announced today that it has completed the acquisition of Fairpoint Navigation A/S ("Fairpoint"), the distributor of Garmin's automotive, outdoor recreation, fitness and marine products in Denmark. The company will be renamed Garmin Danmark A/S and will retain its management, sales, marketing and supporting staff, consisting of 35 people and will continue operations at its current headquarters and warehouse facility located close to Copenhagen.
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CAYMAN ISLANDS, July 2 /PRNewswire-FirstCall/ -- Garmin Ltd. [GRMN] announced today that it has completed the acquisition of GPS Gesellschaft fur Professionelle Satellitennavigation mbH, the exclusive distributor of Garmin's consumer products in Germany. The company will be renamed Garmin Deutschland GmbH and will retain its management, sales, marketing and supporting staff, consisting of approximately 60 people, and will continue operations at its current headquarters and warehouse facilities located close to Munich.
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