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Tomtom to buy TeleAtlas
Filed in archive Business News by S.M. Schrama on July 23, 2007
compass navigation
Tomtom, the famous producer of gps navigation units, currently the biggest in Europe, has announced a bid of €1.8bn on Teleatlas, a creator of maps for use in electronic navigation devices. It's an interesting move. Tomtom claims that it will improve customer feedback on the maps and the navigations devices as a whole. I doubt that is the real reason. I suspect it is a move for more power in the gps navigation market. And that's only logical.
Tele Atlas also supplies data to rival Garmin, a relationship that apparently won't be affected by the purchase.(TheRegister)
GPS Passion thinks a bit different about this.

Permalink: Tomtom to buy TeleAtlas
Tags: tomtom  gps  navigation  electronic  garmin  teleatlas  domination  power  2007  tomtom+teleatlas 
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