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Garmin Acquired Navigon
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Garmin Acquired Navigon
Admin on Thu 4 Aug 2011 - 22:49
Last week Garmin completed acquisition of German Navigon as announced from Switzerland. Garmin is the leader here in the U.S. but TomTom dominates Europe for the most part. This acquisition helps Garmin take a little more of the market share in Europe.
There are no plans to get rid of the Navigon name just yet – even well into 2012.
Financial terms were not released.
But of course the big question is – how will Garmin stay relevant with ever decreasing sales of standalone GPS navigation systems – now that smartphones are offering the same service for free?
Will their product line for outdoors, aviation, and marine units generate enough profits?
There are no plans to get rid of the Navigon name just yet – even well into 2012.
Financial terms were not released.
But of course the big question is – how will Garmin stay relevant with ever decreasing sales of standalone GPS navigation systems – now that smartphones are offering the same service for free?
Will their product line for outdoors, aviation, and marine units generate enough profits?
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