CAYMAN ISLANDS/October 11, 2007/PR Newswire/ -
Garmin Ltd. (NASDAQ: GRMN) announced today that it has signed a letter of intent for the proposed acquisition of Fairpoint Navigation A/S (“Fairpoint”), the distributor of Garmin’s consumer products in Denmark. The completion of the acquisition is subject to the negotiation and execution of a definitive acquisition agreement, the completion of legal and financial due diligence and customary closing conditions. The acquisition is expected to be completed in January 2008.