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Home World News General Garmin Buys Chilean Distri Centro GPS

General

Wednesday, 04 January 2012
 

Garmin Buys Chilean Distri Centro GPS

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Garmin has acquired Centro GPS, the distributor of its automotive, outdoor recreation, fitness and marine products in Chile.

Centro GPS will be renamed Garmin Chile and will continue operations at its current facilities located in Santiago, which employs approximately twenty-five associates.

“We are happy to welcome the Chilean team into the Garmin family,” said Dr. Min Kao, chairman and CEO of Garmin Ltd. “Garmin is investing heavily in the emerging South American market, and this is a key acquisition that will allow us to maintain a leadership role in this important region.”

The acquisition of Centro GPS is preceded by Garmin’s opening of a Brazilian office in 2006. 

Financial terms of the transaction were not disclosed.

 

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