Garmin buys Navigon

http://www.kansascity.com/2011/06/14/2950868/garmin-acquires...

Didn't see this posted here.

Interesting quote from the article:

Garmin, Navigon and Dutch manufacturer TomTom, the European leader, have all seen their prospects hurt by the smartphone. Many consumers are forgoing purchases of handheld GPS devices and relying on applications in their phones instead.

That has meant a shrinking market for GPS device makers, which have begun to battle for contracts to provide the devices built into the dashboards of cars and trucks. Garmin also has found rich markets in devices made for boaters, bicyclists and people looking to incorporate navigation into their athletic training regimens.

Read more: http://www.kansascity.com/2011/06/14/2950868/garmin-acquires...