Garmin has acquired Belanor AS, the distributor of its automotive, outdoor recreation, fitness and marine products in Norway. Financial terms of the transaction were not released.
The company will be renamed Garmin Norge AS and will retain its management, sales, marketing and supporting staff, and will continue operations at its current headquarters and warehouse facility located in Dilling, Norway, near Oslo.
“We are delighted to complete this acquisition and we welcome our Norwegian team into the Garmin family,” said Dr Min Kao, Chairman and CEO of Garmin Ltd.
“With this acquisition, we have fully integrated all of our Nordic distributors and we look forward to closely supporting our retailers and customers in this region.”
"We are proud of our success in creating market share thus far for Garmin’s products,” added Per Anders Dalaasen, Managing Director of Belanor AS. “We look forward to representing Garmin even more successfully in our new role.”