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

  • Decline in global shipments of PNDs
    March 22, 2012
    According to a new research report from the analyst firm Berg Insight, global shipments of personal navigation devices (PNDs) declined to about 33 million units in 2011, while the number of subscribers using a turn-by-turn navigation app or service on their handset doubled in 2011 and reached 130 million worldwide. The subscriber base is forecasted to grow at a compound annual growth rate (CAGR) of 21.9 per cent to reach 340 million users worldwide in 2016.
    Read More
  • ITS industry in the US has grown to $48 billion and will expand
    April 17, 2012
    ITS America has released what it says is the most comprehensive study to date on the scope of the ITS industry in the United States and North America. Researchers found intelligent transportation to be a fast growing sector valued at approximately US$48 billion. Results indicate that cities and states with drastically reduced budgets are turning to technology solutions to maximize existing highway capacity.
    Read More
  • Study finds fewer cars, improved emissions with one-way car-sharing
    July 20, 2016
    The University of California, Berkeley Transportation Sustainability Research Center (TSRC) has released results from the first-ever study of one-way car-sharing in North America and its impact on mobility. The researchers say the findings clearly illustrate that one-way car-sharing reduces the number of cars travelling on city roads and occupying parking spaces on city streets. The study, which gathered data from nearly 9,500 North American car2go members residing in Calgary; San Diego; Seattle; Van
    Read More
  • Bringing V2I and V2V communications to workzone safety
    January 26, 2012
    Imran Hayee of the University of Minnesota Duluth's Department of Electrical and Computer Engineering talks about efforts to bring V2I and V2V communications into work zones. With USDOT backing and under the auspices of the ITS Joint Program Office Connected Vehicle Research (formerly IntelliDrive) research programme, M. Imran Hayee of the University of Minnesota Duluth's Department of Electrical and Computer Engineering along with team of his students, have been conducting research into the application of
    Read More

Highlighted Content