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Garmin To Buy Italian Distributor After Posting Record Second Quarter

Submit on Monday, August 6th, 2007 11:00

Navigation and communications devices manufacturer Garmin Ltd. has signed a letter of intent to acquire Synergy S.p.A., the distributor of Garmin’s consumer products in Italy, Garmin announced Aug. 3. Financial terms of the proposed deal were not disclosed. The move is intended to further strengthen Garmin’s…
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