Deal Announcements

NAVTEQ Announces Agreement to Acquire

Monday, November 06, 2006 6:00:00 AM PDT | VentureDeal Staff


NAVTEQ (NYSE: NVT) has agreed to acquire for a total equity value of $179 million, composed of $47 million in cash and the remainder in company stock.

Acquiring will provide NAVTEQ with traffic content and the technology to distribute that information.

NAVTEQ intends to enhance the map with additional content to increase its utility and convenience. had fiscal 2005 revenues of $43.3 million, 650 employees and 22 company locations.

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