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Garmin Announces an Agreement to Purchase Navigon

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Navigon, makers of one of the best turn-by-turn GPS apps for the iPhone has announced today Garmin has signed an agreement to acquire Navigon. The company will operate as a subsidiary of Garmin. I think this agreement will definitely benefit customers as both parties do GPS navigation pretty well.

Schaffhausen, Switzerland and Hamburg, Germany /June 14, 2011/Business Wire — “This acquisition is a great complement to Garmin’s existing automotive and mobile business. Navigon has invested significantly in the European automotive OEM business, and we feel that we can rapidly expand our automotive OEM footprint and capabilities through this transaction,” said Cliff Pemble, Garmin’s president and COO. “With Navigon, we are also acquiring one of the top-selling navigation applications for the iPhone and Android platforms – something that we expect will help drive revenue for the combined company going forward. Combining Navigon’s and Garmin’s strength also improves our competitiveness and standing particularly in Europe.”

Navigon is headquartered in Germany. In addition to its automotive OEM and navigation application for smartphones, the company has an estimated seven percent share in portable navigation devices (PNDs) in Europe. As regards PNDs, Navigon’s products are known for their compelling design, performance, and innovative software features.

“We look forward to sharing expertise, technologies, and relationships between Navigon and Garmin in order to serve more customers, expand product offerings, and lead the market in hardware and software innovation,” said Egon Minar, CEO of Navigon. “Our two companies each bring complementary strengths to the table, but what we share is a passion for customer satisfaction through innovation.”

Navigon will operate as a subsidiary of Garmin Ltd. The acquisition is subject to regulatory approvals and other customary closing conditions. Financial terms of the transaction will not be released.

Are you using Navigon on your iPhone? I’m looking forward to see what both of these companies can conjure up.

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  • I hope one of the big turn by turn apps implement alerts for the blind. I’d rather spend 100 dollars on a consumer product than begg for 1024 dollars to buy the trecker breze or other similar made for the blind only product.

  • I hope one of the big turn by turn apps implement alerts for the blind. I’d rather spend 100 dollars on a consumer product than begg for 1024 dollars to buy the trecker breze or other similar made for the blind only product.

  • Huh… I use Navigon’s iPhone app and, for the most part, love it.
    Should be interesting, especially since I would have probably bought the Garmin app were there one.

  • Huh… I use Navigon’s iPhone app and, for the most part, love it.
    Should be interesting, especially since I would have probably bought the Garmin app were there one.

  • Robert Raymond

    I really hope Navigon doesn’t lose the ability to store maps locally.

  • Robert Raymond

    I really hope Navigon doesn’t lose the ability to store maps locally.

  • I quite like the Navigon app for iPhone/iPad. I’ve had it for ages.

  • I quite like the Navigon app for iPhone/iPad. I’ve had it for ages.

  • As long as the map updates continue to be free, I’ll be happy. If they don’t than I’ll switch to NavFree

  • As long as the map updates continue to be free, I’ll be happy. If they don’t than I’ll switch to NavFree

  • As long as the map updates continue to be free, I’ll be happy. If they don’t than I’ll switch to NavFree

  • Anonymous

    As long as the updates remain free then that’s fine by me!
    Just don’t ignore the Navigon apps….

  • Anonymous

    As long as the updates remain free then that’s fine by me!
    Just don’t ignore the Navigon apps….

  • Now I need refund on one of the two apps I own. Darn it!

  • Now I need refund on one of the two apps I own. Darn it!

  • Now I need refund on one of the two apps I own. Darn it!

  • MrAnonymous

    Navigon better still be using preloaded maps on the iPhone after the merger.  The Garmin iPhone app that depends on a data connection for maps was and is a complete failure.

  • MrAnonymous

    Navigon better still be using preloaded maps on the iPhone after the merger.  The Garmin iPhone app that depends on a data connection for maps was and is a complete failure.

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