Garmin Ltd. completed the acquisition of Fairpoint Navigation A/S (“Fairpoint”), the distributor of Garmin's automotive, outdoor recreation, fitness and marine products in Denmark. The company will be renamed Garmin Danmark A/S and will retain its management, sales, marketing and supporting staff, consisting of 35 people and will continue operations at its current headquarters and warehouse facility located close to Copenhagen.


Dr. Min Kao, chairman and CEO of Garmin Ltd., said, “We welcome the Fairpoint team into the Garmin family. Fairpoint has been successful in making the Garmin brand the market leader in Denmark and we expect the completion of this acquisition to enable us to strengthen our presence in the Nordic countries.”


Jens Jorgensen, managing director of Fairpoint said, “We are very pleased to have successfully completed this transaction and we look forward as Garmin Danmark to building on our past success through the additional efficiencies and cost savings that can be achieved through full integration of Fairpoint with Garmin.”


Financial terms of the transaction were not released.