Garmin finalizeaza procesul de achizitie a companiei Navigon


     Acum cateva saptamani compania Garmin a anuntat ca a inceput procesul de achizitie a companiei Navigon iar astazi  a fost facut anuntul privind finalizarea tranzactiei. Deocamdata niciuna dintre companii nu a anuntat suma pentru care a fost achizitionata compania Navigon insa atunci se specula ca ar fi vorba despre cateva zeci de milioane de euro. Navigon a fost in jucator important pe piata sistemelor de navigatie pentru GPS iar aplicatiile din App Store sunt in topul celor mai bine vandute in multe magazinele de pe glob.

      Garmin nu are nici o aplicatie de navigatie in App Store insa probabil va dezvolta brandul Navigon ori va renunta la el si va redenumi aplicatiile din App Store in Garmin. Garmin ofera harti foarte bine realizate pentru Romania si eu unul asteptam de mult o aplicatie de genul R.O.a.d. lansata si in App Store Romania insa probabil vom mai avea de asteptat cateva luni bune pana cand compania va lansa un asemenea sistem.

Garmin® Completes Acquisition of Navigon®

SCHAFFHAUSEN, Switzerland & HAMBURG, Germany–(BUSINESS WIRE)–Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today that it has completed the acquisition of Navigon AG (“Navigon”), a privately-held navigation provider headquartered in Hamburg, Germany.

“We are pleased to have the Navigon team join the Garmin family,” said Cliff Pemble, chairman and COO of Garmin Ltd. “We are looking forward to expanding our ability to serve our collective customers going forward.”

“We are excited to be a part of Garmin and we look forward to turning our efforts toward integration and the opportunities ahead,” said Egon Minar, Navigon’s board member. “Navigon has an innovative new product lineup that we’re excited to bring to market in time for the holiday 2011 season and beyond.”

Financial terms of the transaction were not released.

Since its inception in 1989, Garmin has delivered 85 million GPS enabled devices – far more than any other navigation provider. Garmin’s market breadth in the GPS industry is second to none, having developed innovative products and established a leadership position in each of the markets it serves, including automotive, aviation, marine, fitness, outdoor recreation, tracking, and wireless applications.

About Garmin Ltd.

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 or contact the Media Relations department at 913-397-8200. Garmin and Navigon are registered trademarks of Garmin Ltd. or its Subsidiaries.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. All statements regarding the company’s future product introductions are forward-looking statements. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 25, 2010, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.