TomTom to acquire Tele Atlas

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SatNav specialist TomTom has been granted permission to acquire digital map provider Tele Atlas by the European Commission.

TomTom was already granted permission by US authorities in October 2007.

The companies believe this take-over will allow for more advanced accurate maps for TomTom devices, such as more frequently updated maps.

TomTom retails in 30 countries as well as online, while Tele Atlas provides digital maps for in-car navigation systems, mobile and internet map applications of more than 200 countries.

 

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