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| TomTom offers $2.77 billion for map maker Tele Atlas |
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Navigation-device maker TomTom NV said yesterday that it plans to buy its supplier of digital road maps, Tele Atlas NV, for €2 billion ($2.77 billion). The move is expected to improve the quality of TomTom's routing systems and increase its footprint in the in-car and wireless navigation market. TomTom will therefore be able to real-time update the data on more than 10 million navigation devices.
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| Time:2007-08-01 |
Source:NaviForum Shanghai News Center |
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