News

Deal Announcements

NAVTEQ Announces Agreement to Acquire Traffic.com

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

CHICAGO, IL --

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

Acquiring Traffic.com 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.

Traffic.com had fiscal 2005 revenues of $43.3 million, 650 employees and 22 company locations.

Email Page  Email Page | Print Page Print Page

Loading

Free Trial

Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?

Start your Free 14 Day Trial now – no obligation or credit card required.

Free 14 day trial. No Obligation. Click to Register.