Garmin Buys Dynastream

It specializes in personal monitoring technology.
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Garmin (GRMN) - Get Report bought personal monitoring technologist Dynastream Innovations for $36 million in cash.

Garmin said Cochrane, Alberta-based Dynastream is a leader in the field of personal monitoring technology -- such as foot pods and heart-rate monitors for sports and fitness products -- and is also a leading provider of ultra low power and low cost wireless connectivity solutions for a wide range of applications. These products address the needs of a broad spectrum of fitness consumers, from heath and wellness to performance athletes.

The company has 50 workers, half of them engineers and scientists.

The acquisition is expected to be neutral to Garmin Ltd. earnings in 2007.