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Article: Garmin To Buy Italian Distributor After Posting Record Second Quarter.

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Satellite News
Article date:
August 6, 2007
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Navigation and communications devices manufacturer Garmin Ltd. has signed a letter of intent to acquire Synergy S.p.A., the distributor of Garmin's consumer products in Italy, Garmin announced Aug. 3. Financial terms of the proposed deal were not disclosed.

The move is intended to further strengthen Garmin's European sales and marketing presence. Earlier this year, Garmin acquired both the French and German distributors of its products, and in July Garmin signed a letter of intent to purchase its Spanish distributor.

Synergy is expected to change its name to Garmin Italia S.p.A and continue operations at its established headquarters in Milan, Garmin ...

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