Johannesburg, South Africa: Garmin Ltd. has acquired Garmin Distribution Africa (Pty) Ltd. (GDA), distributor of Garmin’s automotive, outdoor recreation, fitness and marine products in Southern Africa, and Garmap (Pty) Ltd., a South African mapping and mobile applications provider.
GDA will be renamed Garmin Southern Africa (Pty) Ltd. and will continue operations at its current headquarters and warehouse facility located near Johannesburg, which employs approximately 70 associates.
“We are pleased to complete this acquisition and we welcome our South African team into the Garmin family,” said Dr Min Kao, Chairman and CEO of Garmin Ltd. “This transaction will strengthen Garmin’s presence in this rapidly growing region and we look forward to closely supporting our retailers and customers in South Africa.”
Financial terms of the transaction were not released.
Source: The Street