Garmin Ltd. acquired Belanor AS, the distributor of Garmin’s automotive, outdoor recreation, fitness and marine products in Norway.
“We are delighted to complete this acquisition and we welcome our Norwegian team into the Garmin family,” said Dr. Min Kao, chairman and CEO of Garmin Ltd. “With this acquisition, we have fully integrated all of our Nordic distributors and we look forward to closely supporting our retailers and customers in this region.”
“We are proud of our success in creating market share thus far for Garmin’s products,” said Per Anders Dalaasen, managing director of Belanor AS. “We look forward to representing Garmin even more successfully in our new role.”
Financial terms of the transaction were not released.