Garmin� Signs Letter of Intent to Acquire Spanish Distributor

Asset Purchase Agreement

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Electr�nica Trepat SA | Garmin Ltd

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Title: Garmin� Signs Letter of Intent to Acquire Spanish Distributor
Date: 7/17/2007
Industry: SCIINS Sector: TECHNO

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EXHIBIT 99.1

Garmin^® Signs Letter of Intent to Acquire Spanish Distributor

CAYMAN ISLANDS/July17, 2007/PR Newswire/ - Garmin Ltd. (NASDAQ: GRMN) announced today that it has signed a letter of intent for the proposed acquisition of Electrónica Trepat S.A. (“Electrónica Trepat”), the principal distributor of Garmin’s consumer products in Spain. The completion of the acquisition is subject to the negotiation and execution of a definitive acquisition agreement, the completion of legal and financial due diligence and customary closing conditions.

“The proposed acquisition of Electrónica Trepat is a further step in our ongoing strategy to strengthen Garmin’s presence in key European markets through vertical integration and to enhance our ability to support our key retailers and OEMs in these markets,” said Dr. Min Kao, chairman and CEO of Garmin Ltd.

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