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Garmin To Buy Fairpoint Navigation

October 11th, 2007

Garmin plans to buy the distributor of its products in Denmark Fairpoint Navigation. Purchasing Fairpoint Navigations will further advance Garmin into the northern European market for GPS. Fairpoint has been successful in making the Garmin brand the market leader in Denmark. The acquisition of Fairpoint Navigations is the latest acquisition of GPS distributors in major European countries this past year – Garmin has bought product distributors in Germany, France, Spain and Italy. Garmin continues to invest steadily in Europe, facing tough competition from Europeon leader TomTom GPS.

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