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u-blox AG Zürcherstrasse 68 8800 Thalwil, Switzerland http://www.u-blox.com
Contact Ms Gitte Jensen +41 44 722 74 86
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u-blox AG

u-blox announces the acquisition of Geotate

Geotate's geotagging solution will enable u-blox to expand its position in the consumer GPS market

(PresseBox) (Thalwil, Switzerland, )
u-blox Holding AG today announced that u-blox AG has acquired Geotate B.V. (a joint venture between Road Group Holding AG and NXP B.V.). Geotate develops state-of-the-art GPS geotagging solutions based on software GPS technology and related web services. The acquisition represents an important strategic step for u-blox, as it allows the company to expand its position in the consumer markets with unique GPS geotagging solutions for digital camera manufacturers and other portable device manufacturers.

Key terms of the transaction include:

- Patented technology and products in the area of software GPS and geotagging GPS
- Total consideration EUR 5.5 million in
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