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| DeLorme headquarters in Yarmouth, Maine. Photo: Jeffrey Stevenson/DeLorme |
[Avionics Today 02-11-2016] Garmin has entered into an agreement to acquire substantially all of the assets of DeLorme, a privately held company that designs and markets consumer-based satellite tracking devices with two-way communication and navigational capabilities. The acquisition could allow Garmin to couple satcom with its avionics and aircraft GPS products.
The completion of the acquisition, which is subject to customary conditions, is expected to occur within 30 to 60 days. Garmin will retain most of the associates of DeLorme and will continue operations at its existing location in Yarmouth, Maine following the completion of the acquisition. The Yarmouth facility will operate primarily as a research and development facility and will continue to develop two-way satellite communication devices and technologies. Financial terms of the purchase agreement and acquisition will not be released.