Electronics Production | January 15, 2007
CSR acquires NordNav
UK based Cambridge Positioning Systems Ltd. (CSR) has acquired Sweden based NordNav Technologies AB for approximately 50 Million Euros.
The combined companies will provide software-based low cost GPS suitable for mass-market mobile phones and PNDs. CSR will apply its own experience in embedding radio technologies into the mobile platform and expects its first Autonomous and Assisted GPS product offerings that support satellite navigation and other location-based services to be available during H1 2007, with cost expected to subsequently reduce to less than $1.