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Garmin announces signing of agreement to acquire Navigon

Company [Wednesday 15 June 2011]

Garmin Ltd. and Navigon AG recently announced that Garmin and the shareholders of Navigon have signed an agreement for a subsidiary of Garmin to acquire privately-held navigation provider Navigon AG ("Navigon"). Navigon is headquartered in Germany. In addition to its automotive OEM and navigation application for smartphones, the company has an estimated 7% share in portable navigation devices (PNDs) in Europe. Navigon will operate as a subsidiary of Garmin.

Category: Partnership | Posted: Jun 15, 16:34 | More info


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