Garmin announced on Friday it has completed the acquisition of Electronica Trepat S.A., the principal distributor of its consumer products in Spain. “The company will be renamed Garmin Iberia S.A. and will retain its management, sales, marketing and...

Garmin announced yesterday that it has completed the acquisition of Synergy S.p.A., the distributor of Garmin's consumer products in Italy. The company will be renamed Garmin Italia S.p.A. and will retain its management, sales, marketing and...

TomTom and Tele Atlas today announced that the European Commission has decided to initiate second phase review allowing the Commission to carry out an in-depth examination of the transaction and its market impact. The...

Navteq and Garmin today announced the completion of a long-term agreement that provides Garmin access to NAVTEQ map data through 2015 with an option to continue through 2019. Garmin also announced today that in light of these developments it does...

Wayfinder announced its financial results for the quarter ending September 30, 2007. Net sales for the first nine months of 2007 amounted to US$9.58 million, an increase of 188% against the same period last year. Revenue from services, Wayfinder´s...

Digital map supplier Navteq Corp today said in a regulatory filing it has acquired MapSolute GmbH, a Germany-based developer of geographical software, for about US$40 million. The founders of the company, Alexander Wiegand and...

TomTom today announced it intends to make a new cash offer of €30.00 per ordinary share for all ordinary shares of Tele Atlas. It represents a 41% increase above its previous offer and it is 27% higher than what Garmin offered last week....

Tele Atlas announced last week it has signed a definitive agreement to acquire a 76% controlling interest in Georigin (Pty) Ltd. With headquarters in Pretoria, South Africa, Georigin is specialized in data collection of West, East & Southern...

In a press release today Tele Atlas acknowledged it received an offer from Garmin for €24.50 per share in cash. “The Management Board and Supervisory Board of Tele Atlas have concluded that the Garmin Proposal qualifies as a...

Tele Atlas today announced a joint venture with MappointAsia Thailand to form Tele Atlas (Thailand) Co., Ltd, which will operate as an independent entity focused on delivering a complete navigable digital map database of the country for in-car,...

NAVTEQ today reported record third quarter revenue and operating income for the quarter ended September 30, 2007. Revenue in the quarter rose 51% over the third quarter of 2006 to $214.8 million. Operating income was $50.5 million, compared to $37.0...