Garmin in talks to buy Navigon?
According to Financial Times Deutschland, Garmin is in talks to buy the German maker of GPS devices and Navigation software for somewhere in the mid double digit million Euros. This would bring Navigon, strong in Europe, under the wing of Garmin, the leader in the US to make a GPS/PND powerhouse. It makes sense to see consolidation in this market where the PND market has come under pressure by the prevalence of smartphone apps.
Navigon was in the US with their GPS/PND devices until their exit in May 2009, leaving only their very well done iPhone apps here. They were one of the first to launch the Navigation iPhone app, and continue to innovate it while also launching an Android version. when they were in the market with PND's here in the US, they brought innovations to the market that were quickly adopted by others such as Lifetime Maps, and Lifetime Traffic.
Via Reuters and Engadget
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Posted by Scott Martin at June 3, 2011 9:07 PM