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Garmin Announces Agreement To Acquire Navigon
Article by: Darren Griffin
Date: 14 Jun 2011
Following on from rumours last week, Garmin have now issues a press release in which they announce the signing of an agreement to acquire German navigation provider Navigon.
The agreement is for a Garmin subsidiary to acquire the privately held company and the acquisition will give them a much needed foothold in the European automotive OEM business. Navigon had recently announced the signing of contracts with German car manufacturers.
If the rumoured purchase price of €50 million is accurate, Garmin has nabbed a bargain purchase here. In addition to a seven per cent market share in the PND market, Navigon has also proved a very popular choice on smartphones, it's one of the top navigation solutions on both iOS and Android.
Navigon will operate as a subsidiary of Garmin Ltd.
| Comments
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 Posted by MaFt on Tue Jun 14, 2011 6:58 pm |
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I wonder if they will continue to use their own software or if we will start to see some elements merging into each?
MaFt
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| Posted by zebsogo on Tue Jun 14, 2011 7:54 pm |
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Please Garmin do not F$%^k with the design the routing or the maps of the Navigon. I'm a proud owner of a navigon 70 premium live. It is a pleasure to use. The map graphics are the best looking on the market and the routing and lane assist are excellent. Please Garmin Step away from the Navigon your routing is way out and your graphics are really horrible to look at
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Navigon 92 Premium Live,TomTom Go 6000,Garmin 2699 LTM-D and a TomTom Go 1005 Live ( For the wife )
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| Posted by xtraseller on Tue Jun 14, 2011 8:05 pm |
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| Quote: | | your routing is way out and your graphics are really horrible to look at |
...probably why they bought them. Oh and having a decent cross-platform app
If you can't beat them, buy them!
Still providing Garmin are still nimble enough to turn the best of both through each of their product lines, then they could be on to a winner
TomTom Go Live 6100, 600
Garmin DriveLux 50, D-Smart 70, NuviCam, 3598, 2699, 2798
Mio Navman 695
Nexus 6p, Apple iPhone 6sPlus and Microsoft Lumia 950xl running TomTom, Garmin, CoPilot, Navigon, Sygic, Here Drive, Google, Waze, MS Maps |
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| Posted by Andy_P on Tue Jun 14, 2011 8:57 pm |
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| zebsogo Wrote: | | ....your graphics are really horrible to look at |
I thought it was just me!
I've always thought the graphics on Garmins look like they were drawn for a comic book, and it's the main thing that's stopped me trying one.
"Settling in nicely" ;-) |
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| Posted by DennisN on Tue Jun 14, 2011 8:59 pm |
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I tried one once and that was half the reason I took it back and exchanged for another TomTom.
Dennis
If it tastes good - it's fattening.
Two of them are obesiting!! |
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| Posted by Darren on Wed Jun 15, 2011 6:55 am |
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Love 'em or hate 'em, together with TomTom they dominate the market.
It will be interesting to see how they operate Navigon. Personally I'd like to see some Garmin features rolled into the Navigon UI. It would be great to have them benefit from a custom OS rather than sitting in top of WinCE.
Navigon, with the benefit of the Garmin name and advertising spend ought to see a rapid increase in sales.
But, in the cold light of day, I wouldn't don't be surprised to see them quietly subsume the product in favour of Garmin's own designs.
Darren Griffin |
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| Posted by zebsogo on Wed Jun 15, 2011 7:35 am |
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| Darren Wrote: | Love 'em or hate 'em, together with TomTom they dominate the market.
But, in the cold light of day, I wouldn't don't be surprised to see them quietly subsume the product in favor of Garmin's own designs. |
Maybe the hardware design I could live with but not the interface or the map routing. Navigon could benefit from a better screen as in bright lighting conditions it is hard to see things. but easily remedied by a sun visor for $10.
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Navigon 92 Premium Live,TomTom Go 6000,Garmin 2699 LTM-D and a TomTom Go 1005 Live ( For the wife )
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| Posted by michaelj2 on Wed Jun 15, 2011 1:21 pm |
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Thats the worst news ever. They will try to dumb down Navigon so that they cannot compete with Garmin!
Michael |
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| Posted by MaFt on Wed Jun 15, 2011 1:40 pm |
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| michaelj2 Wrote: | | Thats the worst news ever. They will try to dumb down Navigon so that they cannot compete with Garmin! |
they don't need to compete.... they are part of Garmin... they're not competition anymore...
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| Posted by zebsogo on Wed Jun 15, 2011 1:58 pm |
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[quote="MaFt"] | michaelj2 Wrote: | | Thats the worst news ever. They will try to dumb down Navigon so that they cannot compete with Garmin! |
Its just a thought but Garmin may not continue developing Navigon Products and just let is fall by the wayside dieing a slow death. God i hope not.. Geez im freaking myself out here !!!
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Navigon 92 Premium Live,TomTom Go 6000,Garmin 2699 LTM-D and a TomTom Go 1005 Live ( For the wife )
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| Posted by michaelj2 on Wed Jun 15, 2011 2:00 pm |
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What I meant was that they will know that Navigon is a better product that the current Garmin and they will therefore either dumb it down so it is not better, or they will phase it out and all of us who moved from Garmin some years ago will have nowhere to go
Michael |
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