TomTom acquires Tele Atlas
Tomtom announced that they have accepted to buy the digital mapping company Tele Atlas for$2.77 billion in cash. Tele Atlas are the world’s second-biggest producer of maps will allow TomTom to deliver real-time updates on routes to its more than 10 million navigation devices, the companies said.
After the two merge Tele Atlas will continue its business as a separate unit in the combined group specializing in developing and licensing digital map products.
Comments (3)
[...] deal follows TomTom who agreed in July to buy Tele Atlas NV, the world’s second-largest maker of [...]
[...] deal follows TomTom who agreed in July to buy Tele Atlas NV, the world’s second-largest maker of [...]
[...] deal follows TomTom who agreed in July to buy Tele Atlas NV, the world’s second-largest maker of [...]