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May 16, 2008

TomTom gets go-ahead to acquire TeleAtlas

TomTom has been given “unconditional clearance” by the European Commission to acquire mapping company TeleAtlas. The EC approval follows a similar green light from US regulators in October last year.
The satellite navigation market is undergoing a transitional period with smaller hardware vendors being bought out or dropping out of the picture, with the big three satnav companies – TomTom, Garmin and Navman – consolidating their positions.
However, there is increasing evidence that the market for portable satellite navigation devices is reaching saturation point, with consumers looking to mobile phones as an alternative, single device to deliver navigation information on top of telephony.





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