MIAMI: Volvo Penta, Garmin to join on product offerings

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MIAMI - AB Volvo Penta and Garmin Ltd. entered into a joint development and marketing strategic alliance to provide instrumentation, navigation and communication equipment for marine use, the companies announced at the Miami International Boat Show.

Volvo Penta and Garmin will jointly develop the equipment, which will be marketed in a complete customer offer for fully integrated drive systems and instruments, the companies said.

"The Volvo Penta and Garmin strategic alliance will provide our mutual customers access to state-of-the-art communication technology and a complete program of multifunctional instruments, which will significantly strengthen our world-leading position when it comes to complete, integrated drive systems for boats," said Volvo Penta president Göran Gummeson.

"Garmin is honored to work with Volvo Penta," said Garmin president/COO Cliff Pemble. "This alliance allows Volvo Penta and Garmin to seamlessly combine the strengths of both companies to offer market-leading integrated system solutions that are of the best design and highest quality."

Volvo Penta's and Garmin's joint products will be introduced successively, starting in 2012.