Write an abstract about the acquisition of Garmin Ltd. Garmin is the world leading supplier of GPS devices, claiming market share of 50 percent in the United States. Garmin
Garmin Ltd., through its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products worldwide. The company offers a range of automotive navigation products, and various products and applications designed for the mobile GPS market; GPS enabled handheld products for hunters, hikers, geocachers, outdoors enthusiasts, cyclists, and golfers; dog tracking systems; tracker systems; and training assistants for athletes. It also provides handhelds, network products and multifunction displays, fixed-mount GPS/chartplotter products, instruments, fish finders, radars, autopilots, VHF radios, marine networking products, and sounder products. In addition, the company offers GPS enabled navigation, VHF communications transmitters/receivers, multi-function displays, electronic flight instrumentation systems, automatic flight control systems, traffic advisory and traffic collision avoidance systems, instrument landing system receivers, surveillance products, audio panels, and cockpit datalink systems. The company's sells its products through a network of independent dealers and distributors, as well as through original equipment manufacturers. Garmin Ltd. has a strategic alliance with ASUSTeK Computer Inc. to sell and support co-branded location-centric mobile phones. The company was founded in 1990 and is based in Schaffhausen, Switzerland.