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

  • Mitsubishi consortium receives letter of conditional acceptance for Doha Metro
    February 23, 2015
    A consortium of Mitsubishi Heavy Industries, Mitsubishi Corporation; Hitachi, The Kinki Sharyo and Thales has received a Letter of Conditional Acceptance from the Qatar Railways Company (Qatar Rail) for a systems package for the Doha Metro, the first metro system to be constructed in the State of Qatar. It is said to be one of the world’s largest projects for a single metro system. Construction is scheduled for completion by October 2019. Qatar Rail is the owner and manager of Qatar’s rail network and respo
    Read More
  • Survey reveals most dangerous driver behaviour in construction zones
    April 26, 2012
    According to a 495 Express Lanes survey of law enforcement officers serving in Northern Virginia, texting while driving is the most dangerous behavior in construction zones, ahead of speeding, aggressive driving and not obeying changing traffic patterns. Yesterday, in conjunction with National Work Zone Awareness Week in the US, partners on one of the largest highway construction projects in the region released these findings in a new distracted driving report.
    Read More
  • Hybrid and EVs growth impact on traction motors predicted by Frost & Sullivan
    May 17, 2012
    Electrification in vehicles is a key trend in the automotive industry. The increase in electric components within vehicles is boosting the market for traction motors and Frost & Sullivan says it anticipates the European traction motor market to grow at a compound annual growth rate (CAGR) of 50 per cent for hybrid electric vehicles (HEVs) and electric vehicles (EVs). Permanent magnet motors are expected to dominate the market by virtue of their performance and efficiency. However, the growing concern over t
    Read More
  • WiLAN to acquire International Road Dynamics
    April 20, 2017
    Canadian patent licensing company WiLAN is to acquire intelligent transportation systems (ITS) supplier International Road Dynamics for an equity value of approximately US $47.4 million (CA$63.5 million). The acquisition is part of WiLAN’s growth strategy which will see it operate under the Quarterhill name from around the beginning of June 2017.
    Read More

Highlighted Content