Finance & Legal

Peter Maire Sells Marine Audio Supplier Fusion Electronics to Garmin - 05/14/2014

Garmin today announced that it has entered into an agreement to acquire substantially all of the assets of Fusion Electronics, a supplier of marine and car audio equipment headquartered in Auckland, New Zealand. Fusion was born in 1998 as a supplier...

Online Restaurant Booking Platform LaFourchette Acquired by TripAdvisor - 05/12/2014

Last week TripAdvisor announced an exclusive offer for French-headquartered online restaurant booking platform LaFourchette. The company has a network of more than 12,000 restaurant partners across France, Spain and Switzerland. LaFourchette also...

Harman Infotainment Business Up 29% - 05/08/2014

Last week tier one automotive infotainment supplier Harman announced $736 million in revenue for its in-car infotainment business for the first quarter of 2014. It represented an increase of 29 percent year on year. During the quarter EBITDA was up...

Fleetmatics: 1Q 2014 Revenue Up 35%, Subscribers Up 32.6% - 05/05/2014

Fleet management services provider FleetMatics announced a revenue of $51.9 million, up 35% year-over-year for the first quarter 2014. Fleetmatics GAAP EPS was $0.09; non-GAAP adjusted EPS was $0.19. The adjusted EBITDA was $13.8 million, up 25%...

Garmin Revenue Up 10%; EPS Up 38% in Q1 2014 - 05/01/2014

GPS maker Garmin generated a revenue of $583 million in the first quarter of 2014, up 10 percent against last year, the company announced on Wednesday. Gross and operating profit margins improved from the prior year quarter to 57% and 21%,...

HERE Posts €209 Million Revenue Down 3% Y-o-Y - 05/01/2014

Yesterday HERE, the mapping and LBS division of Nokia published its financial results alongside its parent company. Non-IFRS operating margin was 4.8%, up 710 basis points year-on-year and down 500 basis points sequentially. External net sales...

TeleNav Revenue Down 37% in Q1 2014, Transition Continues - 04/30/2014

TeleNav announced at the end of last week its financial results for the quarter ended on March 31, 2014 (third quarter of fiscal year) with a revenue of $34.5 million, down 37 percent against the same quarter last year ($55 million). GAAP net loss...

TomTom Revenue Up 2% in Q1 2014 - 04/29/2014

TomTom today announced two percent revenue growth in the first quarter 2014. Revenue was €205 million against €202 million in the first quarter 2013. The net result for the quarter was €7.6 million, of which €8.1 million reflects a one-off tax gain...

AutoNavi Acquired by Alibaba for $1.5 Billion - 04/14/2014

Chinese LBS and digital map provider AutoNavi has agreed to be acquired by giant chinese e-commerce group Alibaba in a deal valuing the purchase at $1.5 billion. Alibaba was the largest shareholder in the company (28%) since May 2013. The deal is...

Parrot Filed Lawsuit against Elektrobi/Audi JV - 04/08/2014

Parrot has initiated legal proceeding against e.solutions GmbH, a jointly owned company of Elektrobit and Audi. The lawsuit was filed in the Tribunal de Commerce de Paris (Commercial Court Paris) and Parrot is seeking to collect damages in the...

Fullpower Acquires SleepTracker IP - 03/31/2014

Fullpower (MotionX) today announced the acquisition of SleepTracker intellectual property, including the SleepTracker patent portfolio that includes U.S. patents 7,306,567 (Jan 9, 2004) and 8,096,960 (Jan 9, 2004). Both patents cover a system that...

Low Bandwidth IoT Network SigFox Raised €15 Million - 03/31/2014

On Friday low bandwidth wireless operator SigFox announced a series B fund raising from Idinvest Partners, the FSN PME, Fonds Ambition Numérique, Elaia Partners, Intel Capital, Ixo Private Equity and Partech. SigFox’s wireless technology is based on...
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