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MiTAC Acquires Magellan GPS Consumer Products Division
December 16, 2008Magellan Navigation, Inc., of Santa Clara, California, announced it has entered into a definitive agreement to sell the Magellan consumer products division to MiTAC International Corp. of Taiwan. Closing of the transaction is anticipated in January of 2009. Financial terms were not disclosed.
The Magellan consumer products division has fielded the relatively high-end Magellan RoadMate and Maestro series portable car navigation systems, and the Magellan Triton outdoor handheld navigation devices.
MiTAC acquired the Navman GPS business from Brunswick in 2007, and merged it with its in-house Mio GPS unit in January 2008. The company’s GPS products include the low-end Mio Moov 200 and the entertainment tie-in Knight Rider GPS.
Magellan's keeps its line of surveying and other GPS and GPS-related products, including a new PC software called Real Time Data Server (RTDS) that offers land surveying companies the opportunity of using GNSS equipment to build their own direct IP RTK corrections server.
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