> Industrial News > News   Garmin to Acquire Distributors in Belgium and Finland   Garmin announced today that it has signed letters of intent for the proposed acquisition of Formar Electronics N.V./S.A., the distributor of Garmin's consumer products in Belgium and Luxembourg, and NavCor Oy, the distributor of Garmin's consumer products in Finland. Financial terms of the proposed transactions were not released. Following the acquisition, Formar is expected to change its name to Garmin Belux N.V./S.A. and NavCor is expected to change its name to Garmin Suomi Oy. Formar and NavCor will retain their management, sales, marketing and supporting staff and will continue operations at their current headquarters located respectively in Brussels, Belgium and Lohja, Finland.   Time:2008-03-13 Source:NaviForum Shanghai News Center Relative