TomTom GPS System
Mar.10, 2009 in
TomTom
After a proliferation in which many players tried to clear a path, the time is closer to the major, and he who has just been announced will be a turning point in the world of GPS.
TomTom, a market leader in GPS, has announced its intention to repurchase at a public offer for all shares of Tele Atlas, one of the largest suppliers of digital maps for GPS systems, price Single 21.25 euros, representing a total of 2 billion euros.
The Management Board of Tele Atlas has announced that after reviewing the circumstances, it will recommend acceptance of the bid to its shareholders. After the merger, Tele Atlas will continue its activity as part of a group specializing in the development of digital maps for TomTom and needs of external customers.
