July 2007
Sale of stake in GPS to Garmin
Hauck & Aufhäuser Investment Banking advised the shareholders of GPS
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DescriptionSale of stake in GPS to Garmin
Sector(s) : Consumer goods / IT Software
Date : July 2007
Advisor(s) : Hauck & Aufhäuser
Advised : Sell Side
Mid-Capital partner Hauck & Aufhäuser Investment Banking advised the shareholders of GPS
GARMIN Limited (George Town, USA) has acquired 100% of the shares of GPS Gesellschaft für Professionelle Satellitennavigation GmbH (Gräfelfing, Germany) from its shareholders.
Garmin has in-sourced the distribution of its products.
Garmin Limited is a leading producer of navigation and GPS systems.
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