Swiss-based Garmin Ltd., known for its GPS
advances, is purchasing Maine-based DeLorme, which creates maps and hand-held
satellite interchanges.
The organizations made the declaration Thursday.
DeLorme will turn into a Garmin auxiliary
situated in Yarmouth and will hold the vast majority of its 92 laborers under
the arrangement, which is required to shut in 30 to 60 days. Terms were not
unveiled.
The organization will keep creating maps and its
state-particular "Chart book and Gazetteer" arrangement yet will
close its guide store at the Yarmouth central command, said Kim Stiver,
DeLorme's VP of advertising.
The hall at DeLorme, where a 42-foot-tall
pivoting globe named "Eartha" is shown, will stay open to general
society, she said.
DeLorme was an early pioneer of worldwide
situating framework innovation, and its present lead item is a hand-held,
two-way satellite specialized gadget that works anyplace on the planet,
permitting clients to trigger a SOS and send and get instant messages by
satellite.
"DeLorme is a regarded brand with
energizing items and advancements that are a characteristic fit in the Garmin
portfolio," said Cliff Pemble, Garmin's leader and CEO.
The group of DeLorme author David DeLorme
controls the organization board and endorsed the arrangement, Stiver said.
DeLorme will work essentially as an innovative
work focus and will keep on creating two-way satellite correspondence
advancements, authorities said.
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