Mergers and acquisitions can sometimes take some unexpected turns, but that's not the case with Garmin's purchase of former rival Navigon. The company
said last month that the acquisition would be complete by "late July" and now, on July 26th, it's announced that the deal is in fact done. There's still no financial details being disclosed, but execs from both companies are expectedly tossing around words like "excited" and "pleased," and they're promising plenty of integration and new opportunities going forward. Obviously, they're betting they'll be better as partners than rivals in the face of
mounting challenges. Press release is after the break.
Continue reading Garmin confirms its acquisition of Navigon is complete
Garmin confirms its acquisition of Navigon is complete originally appeared on Engadget on Tue, 26 Jul 2011 17:49:00 EDT. Please see our terms for use of feeds.
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