Garmin Europe, Ltd., a division of Garmin Ltd., has signed a contract to purchase a new facility to serve as the company’s European headquarters for distribution, marketing, and product support. The facility is located in Southampton, England on a 12 acre site.
“The popularity of GPS navigation is growing exponentially, particularly in Europe,” said Dr. Min Kao, Garmin’s chairman and CEO. “This new facility will allow Garmin to enhance our European marketing and distribution efforts so that we are well positioned to take advantage of this rapid growth.”
Located in the Hounsdown Business Park in Totton, Southampton, England on a 12 acre site, the total size of the building is approximately 155,000 sq. ft., including more than 129,000 sq. ft. of warehouse space. The complex was built in 2001-2002 and is believed to be one of the largest distribution facilities in the area. The closing of the purchase is expected to occur on October 31, 2006 and Garmin expects to begin occupancy of the building in the fourth quarter of 2006.
