Printed from http://www.electronista.com

TomTom to buy Tele Atlas

updated 11:50 am EDT, Mon July 23, 2007

TomTom to buy Tele Atlas

TomTom, the maker of popular GPS units like the ONE series, has decided to buy its principal map supplier, Tele Atlas. Reuters reports that the deal is a extremely lucrative one, valued at 1.8 billion ($2.5 billion); for TomTom, the incentive is said to be diversification, since the company's hardware margins are expected to follow the industry into single digits.

Though little known to the public, Tele Atlas is a preeminent company in mapping; aside from TomTom's GPS units, other products that rely on Tele Atlas include Google Maps, and some cellphones created by Nokia. The acquisition will put TomTom in competition with Garmin, the only other corporation to supply maps for its own GPS units.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News