M&A Deal Summary |
|
|---|---|
| Date | 2008-03-03 |
| Target | Formar Electronics S.A. |
| Sector | Distribution |
| Buyer(s) | Garmin |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1989 |
| Sector | Electronics |
| Employees | 19,900 |
| Revenue | 5.2B USD (2023) |
Garmin 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 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 STATS | # |
|---|---|
| Overall | 10 of 26 |
| Sector (Distribution) | 7 of 8 |
| Type (Add-on Acquisition) | 10 of 25 |
| Country (Belgium) | 1 of 1 |
| Year (2008) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-03-03 |
NavCor Oy
Finland NavCor Oy is a distributor of Garmin's consumer products. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-09-21 |
MetriGear
Santa Clara, California, United States MetriGear, Inc. is the creator of a new pedal-based power solution for cycling. |
Buy | - |
