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Article: Garmin(R) Ltd. Extends Agreement With NAVTEQ(R).
- Article from:
- PR Newswire
- Article date:
- November 16, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. 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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Garmin Ltd. does not intend to pursue its offer for Tele Atlas
CAYMAN ISLANDS, Nov. 16 /PRNewswire-FirstCall/ -- Garmin Ltd. announced today that its subsidiaries, Garmin International Inc and Garmin Corporation, have signed a six-year extension to their agreement with NAVTEQ, a leading provider of digital map data for location based solutions and vehicle navigation. The agreement allows Garmin to continue using NAVTEQ data through 2015, with an option to renew for an additional four-year period. In addition, the parties have agreed to pursue expanded points of cooperation that will result in improved mapping quality and coverage worldwide, and will drive ...