Garmin Cleared for Acquisition of Navigon

SCHAFFHAUSEN, Switzerland--July 16, 2011: Garmin Ltd. announced today that it has received antitrust clearance from Germany's Federal Cartel Office in connection with the planned acquisition of privately held navigation provider Navigon AG by a subsidiary of Garmin Ltd. The acquisition is expected to be completed on July 26, 2011.

About Garmin Ltd.

The global leader in satellite navigation, Garmin Ltd. and its subsidiaries have designed, manufactured, marketed and sold navigation, communication and information devices and applications since 1989 -- most of which are enabled by GPS technology. Garmin's products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd. or its subsidiaries.

About Navigon

Navigon AG is a world-leading navigation company from Germany. With own portable navigation devices and thanks to successful partnerships in the consumer electronics, mobile phone service and automotive sectors Navigon stands for high-quality GPS navigation for PNDs, smartphones and other platforms. Navigon develops software for all relevant operating systems. Navigon was established in 1991, with subsidiaries in Europe, Asia and North America.