Garmin Completes Acquisition of Navigon
SCHAFFHAUSEN, Switzerland and HAMBURG, Germany/July 26, 2011/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