Add-on Acquisition • Distribution

Garmin Acquires EME Tec Sat SAS

On January 3, 2007, Garmin acquired distribution company EME Tec Sat SAS

Acquisition Context
  • This is Garmin’s 1st transaction in the Distribution sector.
  • This is Garmin’s 1st transaction in France.

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M&A Deal Summary

Date January 3, 2007
Target EME Tec Sat SAS
Sector Distribution
Buyer(s) Garmin
Deal Type Add-on Acquisition

Target Company

EME Tec Sat SAS

Nanterre, France
EME Tec Sat SAS is a distributor of Garmin’s consumer products in France. Garmin France SAS was formerly known as EME Tec Sat SAS.
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Buyer Overview 1

Buyer

Garmin

Schaffhausen, Switzerland

Category Company
Founded 1989
Sector Electronics
Employees19,900
Revenue 6.3B USD (2024)
DESCRIPTION
Entrance to Garmin's flagship retail store on Michigan Avenue in Downtown Chicago, Illinois.
Entrance to Garmin's flagship retail store on Michigan Avenue in Downtown Chicago, Illinois.

Garmin and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications. Its products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin was founded in 1990 and is based in Schaffhausen, Switzerland.


Deal Context for Buyer #
Overall 2 of 27
Sector: Distribution 1 of 8
Type: Add-on Acquisition 2 of 26
Country: France 1 of 1
Year: 2007 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Dynastream Innovations

Cochrane, Alberta, Canada

Dynastream is a supplier of personal monitoring technology — such as foot pods and heart rate monitors for sports and fitness products — and is also a provider of ultra low power and low cost wireless connectivity solutions for a wide range of applications.

Buy $36M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-05 Digital Cyclone

Chanhassen, Minnesota, United States

Digital Cyclone Inc. (DCI) is a developer and marketer of location-based services (“LBS”) for wireless devices. Digital Cyclone is a pioneer in the emerging LBS market, offering innovative wireless weather applications for consumers, businesses, outdoor enthusiasts and pilots.

Buy $45M