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.