Confirmation: Garmin buys Navigon

We were talking about it this weekend
in this article when it was still just a rumor,
the AmericanGarminhas just officially announced having
bought the GermanNavigon, editor ofiPhone GPS seen here in particular.

According to the press release received just now, Garmin and Navigon AG have
announced the signing of an agreement relating to the acquisition of the supplier of
navigation technologies Navigon AG, by a subsidiary of Garmin. This
acquisition is announced as cadditional in the areas of
automobiles and mobilitywith in particular a mention of the
presence of Navigon on the original equipment market for
automobiles.

Navigon, in addition to its
navigation application for smartphones, holds approximately 7% of the market share
portable GPS market in Europe.

The finalization of the acquisition is subject to the agreement of the authorities
regulatory requirements and the financial terms of the transaction will not be
made public.

Find
in this articlewhy the acquisition of Navigon is indeed very
complementary, geographically but also in terms of products for this
which is mobility.

The question may arise as to whetherthe impact on the
applications Navigonthat we use every day on our iPhones. We
asked it to Garmin who told us that "Navigon will continue to offer
these solutions to their customers, and Garmin will respect the commitments made by
Navigate with its customers".

The interface of the Garmin US GPS application: