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Cobra agrees to acquire Performance Products Ltd. Nov 27, 2006 10:58 AM Mobile communications products manufacturer Cobra Electronics Corporation has agreed to acquire Performance Products Ltd., which makes “Snooper” GPS locator products and maintains a database of speed camera locations that consumers can download. “We are witnessing explosive growth in the use of speed cameras for safety and traffic control throughout Europe and the United States. GPS technology for speed camera detection is legal and, given current trends, we anticipate widespread adoption,” said Cobra president Jim Bazet. “Performance Products is at the forefront of this movement, having successfully transitioned from radar detection products to these high growth markets.” |
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