Garmin Completes Acquisition of Italian Distributor

Dr. Min Kao, chairman and CEO of Garmin Ltd., said “The acquisition of Synergy is expected to further strengthen Garmin’s presence in the Italian market.  We are pleased to welcome Synergy’s employees into the Garmin family and look forward to the full integration of Synergy into our European operations.”
 
Sandro Ligossi, president of Synergy said "We are excited to reach this milestone and look forward to achieving increased efficiencies as an integrated part of the Garmin marketing and sales team.”

Financial terms of the transaction were not released.