Tele Atlas announces joint venture in Taiwan

Tele Atlas announces joint venture in Taiwan
Tele Atlas announced today a joint venture with Systems and Technology Corporation (S&T) to form Tele Atlas Taiwan Co., Ltd., an independent entity focused on delivering a complete digital map of the territory for portable, Internet, in-car and wireless navigation systems and applications. Tele Atlas and S&T will have a 70% and 30% shareholding respectively.

Formed in 1992, S&T delivers automatic vehicle location systems that track mobile assets and produces digital maps of Taiwan. The S&T map database includes 100 percent coverage of the area's street network, covering more than 100,000 kilometers and 95,000 points of interest (POIs).

As part of the agreement, Tele Atlas Taiwan will assume all mapping assets of S&T, including the existing mapping business that produces navigable maps and the data production operation for government and other projects.

Thursday, July 5th 2007

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