Printed from http://www.electronista.com

Magellan to sell products division to MiTAC

updated 10:05 am EST, Mon December 15, 2008

Magellan sells GPS arm

Personal GPS device maker Magellan Navigation announced on Monday that it will sell its consumer products division to MiTAC International, according to a report today. MiTAC is Magellan's competitor, as it makes its own GPS devices, including the Mio Knight Rider GPS. The deal is expected to close sometime in January, with more details as part of a more official, final announcement expected to be released before then, most likely at CES.

Magellan makes the Magellan RoadMate, Maestro and Triton series of GPS devices; the company is considered one of the largest GPS makers, although it has recently fallen sharply in market share, from 45 percent to 13. Competitors Garmin and TomTom are believed to lead the majority of the market.



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

Epson PowerLite Home Cinema 3500 projector

Trying to find the perfect projector for a home theater can be tricky, as there are bountiful options on the market from a large numbe ...

Thecus N2310 NAS

For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

iRig Pads

When it comes to mobile music products, IK Multimedia has positioned itself as one of the top suppliers. Right from the early days of ...

Sponsor

toggle

Most Commented

 
toggle

Popular News