NAVTEQ completes acquisition of German Traffic info provider T-Traffic



NAVTEQ completes acquisition of German Traffic info provider T-Traffic
Digital map provider NAVTEQ said today it has completed its previously announced (read our news here) acquisition of T-Systems Traffic , GmbH (T-Traffic), a leading provider of traffic services in Germany. This acquisition marks a significant step in NAVTEQ's program to expand its traffic offering in Europe and is likely to be followed by other acquisitions or strategic partnerships in the United Kingdom and France.

"We are committed to an aggressive roll-out of best-in-class traffic services in Europe," commented John MacLeod, executive vice president, NAVTEQ Connected Services. "We expect to quickly launch real-time NAVTEQ Traffic and to expand it throughout Europe. We will also leverage T-Traffic expertise in the extraction and processing of probe and community-sourced traffic data and integrate it into NAVTEQ's global traffic processing system."

Tuesday, January 6th 2009


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