Global Positioning System manufacturer Garmin today revealed that it has completed the acquisition of Navigon AG, a privately-held navigation provider headquartered in Hamburg, Germany.
“We are pleased to have the Navigon team join the Garmin family. We are looking forward to expanding our ability to serve our collective customers going forward,” said Cliff Pemble, chairman and COO of Garmin Ltd.
Egon Minar, Navigon’s board member, also added his excitement in being part of Garmin. “We are excited to be a part of Garmin and we look forward to turning our efforts toward integration and the opportunities ahead. Navigon has an innovative new product lineup that we’re excited to bring to market in time for the holiday 2011 season and beyond,” he said in a statement.
Garmin started making GPS units in 1989, and since then, the company has delivered 85 million GPS enabled devices. “Garmin’s market breadth in the GPS industry is second to none, having developed innovative products and established a leadership position in each of the markets it serves, including automotive, aviation, marine, fitness, outdoor recreation, tracking, and wireless applications,” the company said in a press release.
Charlie Fripp – Consumer Tech editor
