Garmin to acquire Navigon

Garmin and the shareholders of Navigon have signed an agreement for a subsidiary of Garmin to acquire privately-held navigation provider Navigon. As part of the deal, Garmin is also acquiring one of the top-selling navigation applications for the iPhone and Android platforms – something the company expects will help drive revenue for the combined company going forward.
April 23, 2012 Read time: 1 min
RSS490 Garmin and the shareholders of Navigon have signed an agreement for a subsidiary of Garmin to acquire privately-held navigation provider Navigon. As part of the deal, Garmin is also acquiring one of the top-selling navigation applications for the iPhone and 1812 Android platforms – something the company expects will help drive revenue for the combined company going forward.

Navigon, which is headquartered in Germany, has, in addition to its automotive OEM and navigation application for smartphones, an estimated seven per cent share in portable navigation devices (PNDs) in Europe.
Location Based Systems Networking & Communication Systems

For more information on companies in this article

Related Content

  • IBTTA 2011 Annual Meeting highlights developing trends in tolling
    January 26, 2012
    Alain Estiot, chief meeting organiser of this year's IBTTA Annual Meeting and Exhibition, talks about hot topics for discussion. The IBTTA's 79th Annual Meeting and Exhibition, which takes place this year in Berlin in September, will once again take many of the developing trends from around the world and look at their effects on the tolling sector. Host organisation Toll Collect's Alain Estiot, chief meeting organiser, says that the event has to be viewed against a backdrop of major global change.
    Read More
  • Inrix and CenNavi to deliver premium traffic services in China
    January 8, 2013
    US-headquartered traffic information and driver services provider Inrix is to partner with China’s traffic information services provider CenNavi to deliver premium real-time, predictive and historical traffic services across China. The companies say the collaboration leverages Inrix’s sophisticated traffic intelligence platform, vertical market expertise and connected services technologies with CenNavi’s real-time traffic information and advanced technologies, domestic experience and automotive relationship
    Read More
  • IRD wins $1.2 million Indiana contract
    April 18, 2012
    International Road Dynamics (IRD) has announced the award of a Quantity Purchase Agreement for weigh-in-motion (WIM) and virtual weigh-in-motion (VWIM) systems, maintenance, and repair from the Indiana Department of Transportation (INDOT). Under this agreement, IRD will be issued task orders to deliver, install, commission, calibrate, and support WIM and VWIM equipment at numerous locations across the state.
    Read More
  • The trend in digital instrument displays
    March 23, 2012
    Innovative instrument clusters and head-up displays are becoming increasingly popular amongst OEMs and customers alike, according to IMS Research’s new automotive study, “The World Market for Automotive OEM Electronic Systems – 2011 Edition.”
    Read More

Highlighted Content