Garmin Acquires Dynastream Innovations - $36 Million
Garmin Ltd. announced that it has acquired Dynastream Innovations Inc. ("Dynastream") for approximately $36 million in cash. Dynastream will continue operations as a wholly-owned subsidiary of Garmin Ltd. The acquisition is expected to be neutral to Garmin Ltd. earnings in 2007.
Dynastream provides technology to create personal area networks, and is used in some of the Forerunner devices. Looks like Garmin thinks that this technology is so good they bought the company. I would imagine that this means they want the "ANT" technology as Dynastream calls it, as a core technology for the company, and that we'll see more units with the ANT technology in the future.
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Posted by Scott Martin at December 1, 2006 7:47 AM
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