toggle

AAPL Stock: 112.34 ( + 4.62 )

Printed from http://www.macnn.com

Magellan to sell products division to MiTAC

updated 10:05 am EST, Mon December 15, 2008

Magellan sells GPS arm

Personal GPS device maker Magellan Navigation announced on Monday that it will sell its consumer products division to MiTAC International, according to a report today. MiTAC is Magellan's competitor, as it makes its own GPS devices, including the Mio Knight Rider GPS. The deal is expected to close sometime in January, with more details as part of a more official, final announcement expected to be released before then, most likely at CES.

Magellan makes the Magellan RoadMate, Maestro and Triton series of GPS devices; the company is considered one of the largest GPS makers, although it has recently fallen sharply in market share, from 45 percent to 13. Competitors Garmin and TomTom are believed to lead the majority of the market.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented