Wednesday, May 02, 2007

TomTom buys VDO from Siemnce

Several European sites report that TomTom has bought all or part of a stake in Siemens VDO’s Eindhoven, Netherlands operations. Official details were not immediately available from either company. It’s not clear whether TomTom intends to acquire just VDO’s R&D staff, estimated at 90, or if TomTom plans to take over VDO’s OEM business, or just VDO Dayton, an aftermarket operation.

In any event, the move is in character with recent moves by TomTom and other large players in the navigation space. Last year, TomTom announced joint development with Johnson Controls to develop a Bluetooth device that could be moved from car-to-car, and at CES, showed, with Fujitsu Ten, a true portable, that could be used in the car and outside. Garmin recently announced a deal with Honda last month for entry-level in-vehicle units. Late last year, Navigon acquired NAVTEQ’s navigation technology, saying that it would pursue the automotive space. Navigon also recently introduced its own PNDs, the company’s first in its history. Until then, it had only developed software.



TomTom, Siemens Deal for Nav R&D - GPS LBS