IT Mergers & Acquisitions

NAVTEQ, a leading global provider of digital maps for vehicle navigation and location-based solutions, announced it has agreed to acquire Traffic.com, provider of personalized traffic information in the United States for an equity value of approximately $179 million.  The acquisition of Traffic.com will provide NAVTEQ with proprietary traffic content, as well as the technology and expertise to deliver that content to a wide variety of customers across multiple industries.  The Board of Directors of each company has approved the agreement.

Continue reading $179 mln – the cost of Traffic.com for NAVTEQ…