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

Related Content

  • August 26, 2016
    Installed base of fleet management systems in Europe to reach 10.6 million by 2020
    The number of active fleet management systems deployed in commercial vehicle fleets in Europe was 5.3 million in Q4-2015, according to a new research report from the M2M/IoT analyst firm Berg Insight. Growing at a compound annual growth rate (CAGR) of 14.9 percent, this number is expected to reach 10.6 million by 2020. All the top-10 vendors have today more than 100,000 active units in Europe. TomTom’s subscriber base has grown both organically and by acquisitions during the past years and the company ha
    Read More
  • July 4, 2012
    60% of new cars globally will feature connected car solutions by 2017
    New findings from ABI Research predict that global OEM connected car system penetration will increase from 11.4 per cent in 2012 to 60.1 per cent in 2017. While penetration in the US and Western Europe will exceed 80 per cent by 2017, developing regions such as Latin America and Eastern Europe will also see strong increases in telematics penetration in new vehicles, largely driven by mandates in Brazil and Russia.
    Read More
  • April 11, 2012
    Garmin enters in-car infotainment market
    Garmin International will provide a fully integrated, factory-installed infotainment system for most American 2013 model year Suzuki vehicles. The company’s system combines a 6.1-inch high-resolution touchscreen display with a full-featured infotainment platform, including AM/FM/CD radio, multi-media playback, backup camera support, Bluetooth hands-free connectivity, Pandora internet radio and Garmin’s navigation. The intuitive user interface with advanced voice control makes it easy to operate the system a
    Read More
  • March 11, 2015
    Nedap partners with Wairbut for on-street parking in Madrid
    As part of the Pozuelo Smart City project and to improve the usage of the new and existing parking capacity in the city, Madrid in Spain has implemented a new system which reduces search traffic by guiding motorists to free parking spaces. The real-time parking data is integrated with the Smart City platform from Wairbut, a CISCO certified partner. The city is using Nedap’s parking sensors which detect parking bay occupancy in real-time. Information on current availability is transmitted to the Pozuelo Smar
    Read More

Highlighted Content