Garmin® Acquires Norwegian Distributor

SCHAFFHAUSEN, Switzerland/ — November 02, 2010 — /Business Wire/ - Garmin Ltd. (NASDAQ: GRMN) announced today that it has acquired Belanor AS, the distributor of Garmin’s automotive, outdoor recreation, fitness and marine products in Norway.

The company will be renamed Garmin Norge AS and will retain its management, sales, marketing and supporting staff, and will continue operations at its current headquarters and warehouse facility located in Dilling, Norway, near Oslo.

“We are delighted to complete this acquisition and we welcome our Norwegian team into the Garmin family,” said Dr. Min Kao, chairman and CEO of Garmin Ltd. “With this acquisition, we have fully integrated all of our Nordic distributors and we look forward to closely supporting our retailers and customers in this region.”

"We are proud of our success in creating market share thus far for Garmin’s products,” said Per Anders Dalaasen, managing director of Belanor AS. “We look forward to representing Garmin even more successfully in our new role.”

Financial terms of the transaction were not released.

About Garmin

The global leader in satellite navigation, Garmin Ltd. and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 – most of which are enabled by GPS technology. Garmin’s products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at www.garmin.com/newsroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark of Garmin Ltd. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.




Review Article Be the first to review this article

Trimble Catalyst

Featured Video
Jobs
Intelligence and Image Analyst for Boeing at Las Cruces, NM
Geospatial Analyst for Vencore at Suitland, MD
Geospatial Intelligence Analyst for Quick Services LLC at Fort Bragg, NC
Architectural Designer II for AECOM at New York, CA
MECHANICAL ENGINEER for Peter R. Thom and Associates at ORINDA, CA
Sr. Mechanical Engineer for Kateeva at Newark, CA
Upcoming Events
Esri's annual Geodesign Summit 2017 at Esri's Headquarters Redlands CA - Jan 24 - 26, 2017
DistribuTECH at San Diego Convention Center San Diego CA - Jan 31 - 2, 2017
Teledyne Optech
Teledyne:
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy