Magellan to sell products division to MiTAC

12/15, 10:05am

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.