Garmin Completes Acquisition of Navigon

Garmin announced today that it has completed the acquisition of Navigon, a privately-held navigation provider headquartered in Hamburg, Germany, that makes the popular MobileNavigator apps for iOS.

"We are pleased to have the Navigon team join the Garmin family," said Cliff Pemble, chairman and COO of Garmin Ltd. "We are looking forward to expanding our ability to serve our collective customers going forward."

"We are excited to be a part of Garmin and we look forward to turning our efforts toward integration and the opportunities ahead," said Egon Minar, Navigon's board member. "Navigon has an innovative new product lineup that we're excited to bring to market in time for the holiday 2011 season and beyond."


Financial terms of the transaction were not released.