M&A Deal Summary

Garmin Acquires Synergy

On August 3, 2007, Garmin acquired distribution company Synergy

Acquisition Highlights
  • This is Garmin’s 3rd transaction in the Distribution sector.
  • This is Garmin’s 1st transaction in Italy.

M&A Deal Summary

Date 2007-08-03
Target Synergy
Sector Distribution
Buyer(s) Garmin
Deal Type Add-on Acquisition

Target

Synergy

Milan, Italy
Synergy S.p.A. is a distributor of Garmin's consumer products in Italy.

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Buyer(S) 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 STATS #
Overall 6 of 27
Sector: Distribution M&A 3 of 8
Type: Add-on Acquisition M&A Deals 6 of 26
Country: Italy M&A 1 of 2
Year: 2007 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-02 GPS Gesellschaft für Professionelle Satellitennavigation

Gräfelfing, Germany

GPS Gesellschaft fur Professionelle Satellitennavigation GmbH is the exclusive distributor of Garmin's consumer products in Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-11 Fairpoint Navigation A/S

Allerod, Denmark

Fairpoint Navigation A/S is a distributor of Garmin's automotive, outdoor recreation, fitness and marine products in Denmark.

Buy -