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Article: TomTom seeks to buy map supplier Tele Atlas.(LOCATION-BASED SERVICES)
- Article from:
- GPS World
- Article date:
- September 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 Questex Media Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A navigation unit and its maps are a necessary combination for personal navigation devices, but the announcement in July that PND-maker TomTom seeks to buy mapmaker Tele Atlas for $2.5 billion ([euro]2 billion) has analysts and competing PND makers concerned.
If the deal is successful, Tele Atlas, based in Den Bosch, Netherlands, will operate as an independent business unit and will continue to supply other manufacturers, including TomTom's competitors, with digital maps and other data. Although the majority of its digital maps come from Navteq, Garmin--TomTom's main competitor--plans to use Tele Atlas' digital maps for its GVN 52, which will be rolled out in ...