Navigation equipment manufacturer Garmin Acquisition competitor Navigon

The Sina Science and technology news Beijing time June 21 evening information, the navigation equipment manufacturer Garmin announced in Tuesday, has acquired the competitor Navigon.　　Navigon will become a subsidiary of Garmin in the future. Garmin did not disclose the price of the deal.　　The company said Navigon would be a good addition to Garmin's current auto and mobile business, because Navigon had invested a lot in the European market before. "With this deal, we can quickly expand our OEM business and get one of the best navigation apps for the iphone and Android platforms," said COO Criff Pepor, President of Garmin and Cliff pemble. This will increase the revenue of the merged company. "Navigon's products include mobilenavigator, which is very popular on the iphone and Android platforms, with a 7% share in the European portable navigation equipment market.　　Garmin until early this year to start dabbling in smartphone apps and launch the first iphone apps streetpilot. "We want to share professional, technical and cooperative relationships between Navigon and Garmin, provide services to more users, expand product lines, and gain market leadership in hardware and software innovation," said Navigon CEO Aigen Minar (Egon minar). Our two companies offer complementary advantages, and what we have in common is the passion to make customers more satisfied through innovation. "In recent years, Navigon and Garmin have been very competitive in the smartphone market. If an Android phone already supports navigation, many users will not buy a separate navigation device. As a result, many navigation device manufacturers are starting to launch specialized navigation applications on smartphones. (D-Gold)