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