Garmin/Navteq, TomTom/TeleAtlas Map Out Deals

December 2007
GPS World;Dec2007, Vol. 18 Issue 12, p24
Trade Publication
The article reports on the acquisition deal accepted by TeleAtlas NV from TomTom NV, while Garmin Ltd. started its contract with Navteq Corp. TomTom announced plans to purchase TeleAtlas NV for €2 billion. Meanwhile, Garmin can continue to use Navteq data through 2015 under the agreement with Navteq.


Related Articles

  • TomTom-Tele Atlas Merger Completed.  // GPS World;Jul2008, Vol. 19 Issue 7, p28 

    The article reports on the completion of the merger between TomTom and Tele Atlas. Tomtom has completed its acquisition scheme with digital map supplier by outbidding its rival company Garmin on the amount of $4.5 billion. The European anti-trust officials have finally approved the merger of...

  • Navigating the LBS space. Gibbs, Colin // RCR Wireless News;11/5/2007, Vol. 26 Issue 42, p1 

    The article reports that Netherlands-based company Tele Atlas N.V. accepted a bid of $2.8 billion from TomTom NV, agreeing to recommend the offer to shareholders. Tele Atlas pounced on a superior $3.3 billion offer from TomTom rival Garmin Ltd. Under the TomTom agreement, if Tele Atlas receives...

  • BY THE NUMBERS.  // RCR Wireless News;10/22/2007, Vol. 26 Issue 40, p30 

    This section offers news briefs related to the telecommunication industry. Digital mapping companies such as Navteq Corp. and Tele Atlas NV are M&A targets of technology companies like Google Inc. Shares of InfoSpace Inc. went up after the company said it will sell its mobile services division...

  • TomTom Gives Upgrades To Tele Atlas. Gilroy, Amy // TWICE: This Week in Consumer Electronics;6/16/2008, Vol. 23 Issue 13, p8 

    The article reports that TomTom will be providing Tele Atlas, which it has recently purchased, and its partners updated maps with information taken from its base of 20 million users. Suggestions of users for map updates are collected by TomTom under its MapShare program, which allows users to...

  • Tom Tom Seeks to Buy Map Supplier Tele Atlas. Dennehy, Kevin; Cozzens, Tracy // GPS World;Sep2007, Vol. 18 Issue 9, p24 

    The article focuses on TomTom's plan to purchase Tele Atlas for $2.5 billion in a deal. TomTom is making a bid for all of the company's shares. Tele Atlas will operate as an independent business unit and will continue to supply other manufacturers with digital maps and other data. It is noted...

  • TomTom bids for Tele Atlas.  // RCR Wireless News;7/30/2007, Vol. 26 Issue 28, p9 

    The article deals with the move of navigation device manufacturer TomTom N.V. to bid for the acquisition of digital map supplier Tele Atlas N.V. The company's shares increased after it announced its plans of acquiring Tele Atlas. TomTom said it will offer about $29.35 per share for Tele Atlas....

  • TomTom's Tele Atlas Purchase: How Will Rivals Respond? Gilroy, Amy // TWICE: This Week in Consumer Electronics;8/6/2007, Vol. 22 Issue 16, p37 

    The article focuses on Tomtom's plan to purchase map supplier Tele Atlas. According to competitors and analysts, the acquisition could give TomTom advantages in the global positioning system market (GPS) market. The deal would also enable the personal navigation devices (PNDs) supplier to buy...

  • Tele Atlas Accepts TomTom's Upped Bid.  // GEOWorld;Dec2007, Vol. 20 Issue 12, p10 

    The article reports on the acceptance of the purchase offer of TomTom NV by Tele Atlas NV. The revised offer by TomTom is more favorable compared to the proposal by Garmin Ltd. TomTom increased its takeover bid for Tele Atlas after the latter endorsed its proposal. The acquisition of Tele Atlas...

  • Tele Atlas PND Bidding War Escalates. Gilroy, Amy // TWICE: This Week in Consumer Electronics;11/19/2007, Vol. 22 Issue 24, p4 

    This article reports on the bidding dispute between TomTom and Garmin over Tele Atlas in 2007. TomTom raised its bid by more than $1 billion, but analysts say Garmin will likely come back with a counteroffer. Analysts believe that whoever wins the bid for Tele Atlas will benefit from lower-cost...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics