NAVTEQ to acquire T-Systems Traffic

24 Nov 2008

By acquiring T-Systems Traffic (T-Traffic), NAVTEQ has taken another step towards expanding its traffic information systems into Europe.

T-Traffic develops high-quality traffic products and navigation services for the automotive and telecommunications industries. Including data from private sources, T-Traffic provides traffic information in Germany for major PND and automotive customers.

T-Traffic's technologies related to all primary forms of traffic flow data collection, including community and probe sourced traffic data, cellular network data, and fixed sensor networks, complement NAVTEQ's existing capabilities that have been successfully deployed in North America.

NAVTEQ's intention is to incorporate T-Traffic extraction and processing capabilities into the development of best-in-class traffic worldwide. The combination of community and probe based traffic data sourced from navigation devices and cellular telephones, will enable rapid rollout of traffic solutions around the world. T-Traffic also provides telematics and capabilities that complement NAVTEQ's connected services. Connected services are essential to making the NAVTEQ map easy to access and work with.

The acquisition is subject to customary closing conditions and is expected to be completed in 2009.