mitac

Magellan Navigation sold to MiTAC

On Monday, Magellan Navigation Inc., entered into a definitive agreement to sell its consumer products division to Taiwanese-based MiTAC International Corporation and expects the transaction to be finalized by January 2009, though no specifics were given about the financial terms. As part of the package, MiTAC, which also owns Mio Technology, makers of the Mio Knight Rider GPS and the the Mio C520, will inherit the Magellan RoadMate and Maestro series of portable navigation devices and the Triton series of handheld GPS.

Though Magellan still has a decent retail presence in the United States and comes in third to Garmin … Read more