Garmin Ltd. acquires MotionBased Technologies

Garmin Ltd. (Nasdaq: GRMN), announced this week that it has acquired MotionBased Technologies, LLC; a privately-held developer of Web based applications for GPS devices that operates MotionBased Technologies will continue operations as a division of Garmin International, Inc., a subsidiary of Garmin Ltd.

"We are very pleased with this acquisition because it complements our strategy to penetrate the fitness market," said Dr. Min Kao, Garmin's chairman and CEO. "The MotionBased web application is popular with Garmin customers. Since was launched in 2004, over 11,000 GPS users have registered for access, and they have logged approximately 140,000 individual outdoor activities to the site."

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