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Garmin Acquires Belanor AS

Switzerland – Garmin announced it has acquired Belanor AS, the distributor of
Garmin’s automotive, outdoor recreation, fitness and marine products in Norway.

The company will be
renamed Garmin Norge AS. It will retain its management, sales, marketing and
supporting staff, and will continue operations at its current headquarters and
warehouse facility located in Dilling, Norway, Garmin said.

Financial terms of the
transaction were not provided.