Saturday, April 18, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Logo Removed From Japanese Smartphones
Google Is Getting Serious With Project Loon
New Technology Can Track Detailed Hand Motion
Office Universal apps Coming Next Month On Windows 10 for Phones
FCC Makes 150 MHz Of Contiguous Spectrum Available To Telecom Companies
Google Extends Chrome Support For Windows XP
ASUS X99 and Z97 Motherboards Now Support NVM Express Devices
AMD Reports Loss, Exits From High-density Server Business
Active Discussions
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
Need serious help!!!!
burning
 Home > News > Consumer Electronics > Garmin ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, June 15, 2011
Garmin To Acquire Rival Navigon


Garmin, the top maker of car navigation systems, is trying to expand by acquiring Navigon, a rival company. Garmin hopes that the deal, announced on Tuesday, will lift its business in Europe, in particular, and give it greater momentum in mobile phone apps.

Garmin and the shareholders of Navigon AG have signed an agreement for a subsidiary of Garmin to acquire privately-held navigation provider Navigon AG.

"This acquisition is a great complement to Garmin?s existing automotive and mobile business. Navigon has invested significantly in the European automotive OEM business, and we feel that we can rapidly expand our automotive OEM footprint and capabilities through this transaction," said Cliff Pemble, Garmin's president and COO. "With Navigon, we are also acquiring one of the top-selling navigation applications for the iPhone and Android platforms - something that we expect will help drive revenue for the combined company going forward. Combining Navigon's and Garmin's strengths also improves our competitiveness and standing, particularly in Europe."

Navigon is headquartered in Germany. In addition to its automotive OEM and navigation application for smartphones, the company has an estimated seven percent share in portable navigation devices (PNDs) in Europe. In regards to PNDs, Navigon?s products are known for their compelling design, performance, and innovative software features.

Navigon will operate as a subsidiary of Garmin Ltd. The acquisition is subject to regulatory approvals and other customary closing conditions. Financial terms of the transaction will not be released, Garmin said.

Garmin provides a broad range of in-vehicle electronics for the automotive industry, including automotive grade infotainment and telematics systems, navigation software, and integrated portable navigation systems.


Previous
Next
Elpida Develops 2-gigabit DDR2 Mobile RAM Using High-k Metal Gate Technology        All News        Comcast to Unveil Next Generation Xfinity TV
Toshiba LCD TV, BD Recorder Zero Power In Standby Mode     Consumer Electronics News      Comcast to Unveil Next Generation Xfinity TV

Get RSS feed Easy Print E-Mail this Message

Related News
Garmin Introduces The VIRB X and VIRB XE Action Cams
Garmin Introduces Three New Smartwatches At CES
Garmin Introduces The Forerunner 920XT GPS Watch
Garmin Introduces The Approach S6 Golf Watch
MWC2014: Garmin Announces Navigation App for Xperia Smartphones
Garmin Expands Approach Series with S4 Golf Watch
Garmin Unveils D2 Pilot Watch For Aviators
Garmin Intros Smartwatches For Runners
Pioneer Reached Settlement with Garmin
Garmin Showcases New GPS locator, nuvi 2400 Series And iPhone Apps at CES 2011
Pioneer Wins Patent Case Against Garmin
Navigate The World With the Garmin-Asus A10

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .