Garmin buys New Euro Headquarters Building

In a sign that Garmin is doing well in Europe and that they intend to do better, Garmin has bought a building in the UK to house their Euro headquarters. Garmin will buy the roughly 155,000-square-foot facility on 12 acres in the Hounsdown Business Park in Totton, Southhampton. The facility, completed in 2002, will serve as the company's European headquarters for distribution, marketing and product support.

"The popularity of (global positioning system) navigation is growing exponentially, particularly in Europe," Chairman and CEO Min Kao said in the release. "This new facility will allow Garmin to enhance our European marketing and distribution efforts so that we are well positioned to take advantage of this rapid growth."

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