Common Contracts
1 similar Joint Development and Marketing Agreement contracts
Volvo Penta signs agreement with GarminJoint Development and Marketing Agreement • February 21st, 2011
AB Volvo Penta and Garmin Ltd have entered into a joint development and marketing strategic alliance to provide instrumentation, navigation and communication equipment for marine use. As a result, Volvo Penta will strengthen its position as a world-leading supplier of integrated propulsion systems in the marine industry. Boat builders and end users in the marine industry are looking for increasingly complete and integrated system solutions for the entire chain from propeller to antenna. AB Volvo Penta and the Swiss company, Garmin Ltd, will create unique opportunities to comply with these customer requirements. As a result of this strategic alliance, Volvo Penta and Garmin will jointly develop marine instrumentation, navigation, and communication equipment, which will be marketed in a complete customer offer for fully integrated drive systems and instruments. This strategic alliance will make Volvo Penta the world-leading "One-Stop Shop" in the marine industry for engines, drivelines a