Garmin Ltd. received antitrust clearance from Germanys Federal Cartel Office in connection with the planned acquisition of privately held navigation provider Navigon AG by a subsidiary of Garmin Ltd. The acquisition is expected to be completed on July 26, 2011.
Navigon AG is a world-leading navigation company from Germany. With its own portable navigation devices and thanks to successful partnerships in the consumer electronics, mobile phone service and automotive sectors Navigon stands for high-quality GPS navigation for PNDs, smartphones and other platforms. Navigon develops software for all relevant operating systems. Navigon was established in 1991, with subsidiaries in Europe, Asia and North America.