Intel has signed an agreement to acquire Telmap, an Israel-based company that offers navigation and location-based services.

Telmap will become a wholly-owned subsidiary of Intel. This move is a step towards expanding Intel's mobile software services capabilities as Intel continues to grow in the area of software and services.

Details of the deal were not disclosed but Israeli media said Intel is paying about $300 million.

"From a consumer perspective, Telmap helps bring to life our vision for integrated, uniform experiences across consumer devices," a blogpost by Peter Riddle, general manager of Intel's AppUp developer programme, reads.

"Telmap has a tremendous amount of expertise around end-to-end mobile local search, mapping and navigation services. Telmap delivers great multi-platform consumer experiences every day, and we're looking forward to combining that focus and excellence with Intel's to significantly grow their business, " Riddle added.

"...With Telmap we can directly provide developers with location-based services spanning devices, operating systems and CPU architectures," he added.

Telmap will allow Intel to provide AppUp developers with differentiated location capabilities in the form of a standard set of location-based APIs and software that developers can integrate into their AppUp apps.