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

  • U-blox’ LISA approved for AT&T network
    April 17, 2012
    U-blox, the Swiss positioning and wireless chip and module company, has announced the official AT&T approval of LISA, the world’s smallest surface-mount 3G module for use on AT&T’s mobile broadband network.
    Read More
  • Redflex Traffic Systems announces Redflex Guardian subsidiary
    July 19, 2012
    Redflex Traffic Systems in the US has announced it is expanding its student safety division with the acquisition of SmartBus Live. Since 2008, the SmartBus Live safety camera programme has helped school districts and municipalities monitor and deter drivers who illegally pass school buses while the stop arm is deployed. It will now operate under Redflex’s safety camera programme, Redflex Student Guardian.
    Read More
  • StarTraq business gains in the UK and South Africa
    March 29, 2012
    StarTraq, a UK-headquartered offence management software specialist has extended the automated adjudication software services it currently provides to Suffolk Constabulary in the UK for the uploading and verification of traffic offences captured on camera. With the latest upgrade to the company’s new cloud-based service, Suffolk Police will be in a position to take advantage of improved efficiencies as well as extend the service to their neighbouring constabulary in Norfolk.
    Read More
  • Real time GPS tracking on school buses drives efficiencies
    January 25, 2012
    Application of real time GPS tracking to school buses is driving operational efficiencies and allowing parents to follow their childern's movements, report Jason Barnes
    Read More

Highlighted Content