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A French commercial court has found Google guilty of abusing its dominant position with Google Maps to erase the competition. The court ordered Google to pay €500,000 in damages and interest to the plaintiff and a €15,000 euro fine. Google said it...
Last week teleNav announced 11 percent revenue increase for the second quarter of their fiscal 2012 (endind Dec. 31, 2011), beating analysts estimates. Revenue came at $53.2 million against $48 million in the second quarter of 2010.
Adjusted...
As part of the alignment of digital map maker NAVTEQ within the Nokia Location & Commerce Group, the Finnish phone manufacturer decided to close down NAVTEQ Network for Developers (NN4D), its outreach to location-based services developers. The...
Martijn den Drijver, Head of Equity Research at SNS Securities recently changed his TomTom rating from Hold to Buy, as the conclusion of the publication of a report he wrote about the the Dutch navigation supplier. GPS Business News interviewed with...
On the heels of its presence at the CES trade show last week, Recon Instruments, which develops ski Goggles with embedded GPS and micro display, announced it has secured a $10 million Series A investment from a group led by the Canadian venture...
Car rental company Hertz has acquired from Thales Navigation the remaining 35% stake in Navigation Solutions, the operational arm of Hertz's NeverLost in car GPS system.
80,000 Neverlost units are currently in service in North America and...
While a new rule has been established two weeks ago by the French government regarding the use of speedcam warning devices (read here), NAVX, a French company that provides European location content (speedcam, parking, charging stations, etc.) to...
TomTom today announced it has been cooperating with the Dutch Data protection Autorithy (CBT) that ran an investigation over the allegated sharing of its customer private location data with third parties.
CBT has confirmed that TomTom is...
Today the French “Journal Officiel“ published a new “Décret“ (law) that officially forbid the ownership, transport and use of speedcam warning systems in France starting on January 5th, 2012 (download PDF document below if you read French)....
Garmin has acquired Centro GPS, the distributor of its automotive, outdoor recreation, fitness and marine products in Chile. Financial terms of the transaction were not disclosed.
Centro GPS will be renamed Garmin Chile and will continue...
On December 20th Location Labs announced the acquisition of the intellectual property assets from Seeker Wireless, an Australian company which had focussed on mobile phone geolocation and zone detection technologies.
Seeker Wireless’...
On December 21, M2M wireless technology provider Telit Communications has anounced the acquisition of the OEM GPS module department of Navman Wireless for $3 million in cash.
With twelve employees in engineering and sales, this business is...
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