Garmin Announces Agreement To Acquire Navigon

Darren

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.

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Darren Griffin

MaFt · Posted: Tue Jun 14, 2011 7:58 pm Post subject:

I wonder if they will continue to use their own software or if we will start to see some elements merging into each?

MaFt

zebsogo · Posted: Tue Jun 14, 2011 8:54 pm Post subject: Oh no

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 )

xtraseller · Posted: Tue Jun 14, 2011 9:05 pm Post subject:

Andy_P · Posted: Tue Jun 14, 2011 9:57 pm Post subject: Re: Oh no

DennisN · Posted: Tue Jun 14, 2011 9:59 pm Post subject:

I tried one once and that was half the reason I took it back and exchanged for another TomTom.
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Dennis

If it tastes good - it's fattening.

Two of them are obesiting!!

Darren · Posted: Wed Jun 15, 2011 7:55 am Post subject:

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.
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Darren Griffin

zebsogo · Posted: Wed Jun 15, 2011 8:35 am Post subject:

michaelj2 · Regular Visitor Joined: Oct 05, 2006 Posts: 157

Thats the worst news ever. They will try to dumb down Navigon so that they cannot compete with Garmin!

MaFt · Posted: Wed Jun 15, 2011 2:40 pm Post subject: Re: Garmin buys Navigon

zebsogo · Posted: Wed Jun 15, 2011 2:58 pm Post subject: Re: Garmin buys Navigon

[quote="MaFt"]

michaelj2 · Regular Visitor Joined: Oct 05, 2006 Posts: 157

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

DennisN · Posted: Wed Jun 15, 2011 7:20 pm Post subject: Re: Garmin buys Navigon

Kar98 · Posted: Thu Jun 16, 2011 4:43 pm Post subject: Re: Garmin buys Navigon

zebsogo · Posted: Thu Jun 16, 2011 5:16 pm Post subject: Re: Garmin buys Navigon

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