TomTom To Buy Tele Atlas for $2.5 Billion

dell takes a slice at apple with super thin latitude z dellz closed

TomTom, the world’s largest maker of GPS navigation systems for cars, has announced it plans to buy its primary map supplier Tele Atlas for €1.8 billion in cash, or about $2.5 billion in U.S. dollars. The move is seen as a way for TomTom to consolidate its business and move towards a service model: as the market for GPS devices becomes more saturated, GPS manufacturers will be able to make less money selling devices, and will instead have to shift towards service offerings to make their brands competitive.

TomTom and Tele Atlas say the combined company will be able to create significant new advantages for GPS users, including expanded map coverage, improved route planning and map updates, and new technologies that will enable users of the over 10 million TomTom GPS devices in the market to provide feedback and map update data directly. Information could include pointers where maps are out-of-date or inaccurate, along with statistical information on traffic flows and other quickly-updated map data.

“We think that the navigation industry is going to change dramatically in the next few years as end customers will give ever increasing importance to intelligent routing and continuously updated maps,” said TomTom CEO Harold Goddijn in a release. “By integrating customer feedback into the Tele Atlas map manufacturing process, we will be able to considerably enhance the user experience and further increase all Tele Atlas and all TomTom’s customers’ satisfaction.”

Tele Atlas will continue to offer its maps to other companies, although the TomTom acquisition may cost it clients which directly compete with TomTom. TomTom’s offer for the company constitutes a 32 percent premium over Tele Atlas’s average share price over the last three months, although it’s still possible the company may receive higher bids from other parties such as Google, Nokia, or Microsoft.

Emerging Tech

Awesome Tech You Can’t Buy Yet: Write music with your voice, make homemade cheese

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!
Product Review

Fitbit’s trimmed-down Versa Lite still has all the smartwatch features you need

Fitbit trimmed some of the features it bundles in its popular Versa smartwatch to keep the price low on it newest smartwatch, the Versa Lite. Does this strategy work? Read our review to find out.
Gaming

Snapchat could soon let you play games in between your selfies

If a new report is accurate, Snapchat will be getting an integrated gaming platform in April. The platform will feature mobile games form third-party developers, and one publisher is already signed on.
Wearables

These are the best smartwatches for everything from fashion to fitness

Tempted to buy a smartwatch? If so, then the growing number of great models available means you've got plenty to choose from. But which one should you pick? Here is our list of the best smartwatches.
Mobile

Latest Samsung Galaxy smartphone will pop up on April 10

Samsung will show at least one new Galaxy phone off on April 10, it has confirmed in a teaser tweet. The Galaxy A90 may make its first appearance, and it's rumored to have a pop-up camera and a notch-less screen.
Mobile

Leaked ZTE concept phones are crazy, possibly fake, and totally worth seeing

Renders of what may be ZTE concept phones may show how the manufacturer could avoid using the notch on future devices. They're crazy -- and maybe not even real -- but they're definitely worth looking at.
Mobile

The iPad Mini, Apple’s tiny tablet, makes a return with powerful specs

Apple has finally revealed the iPad Mini. With all-new and upgraded specs, support for the Apple Pencil, and a fantastically inclusive price, here's everything you need to know about the iPad Mini.
Mobile

The Apple iPad Air is the power-packed tablet for everyone

The iPad Air is the less serious cousin to Apple's iPad Pro range, and it's the perfect addition to your coffee table. But it's no less powerful. Here's everything you need to know about the iPad Air.
Mobile

Get excited for your Sony Xperia 10 or 10 Plus by getting it set up just right

If you've picked up one of the Sony's more affordable smartphones, you may be be wondering what hidden depths lie within. We've got some handy Sony Xperia 10 tips for you here to help you get to grips with your new phone.
Deals

This is the one thing you need to do before giving your child a smart phone or tablet

Monitoring your kids' digital habits can be a challenge in today’s high-tech age, but great parental control software like Qustodio gives parents a much-needed advantage Read on to find out how you can protect your child from online…
Mobile

How to choose an iPad in 2019: A practical guide to Apple’s tablets

Selecting an iPad from Apple's lineup can be intimidating, but it doesn't have to be. Our comprehensive guide should put the numbers and specs in practical, easy-to-understand terms. Find your ideal iPad with the help of our guide.
Mobile

These voice-changing apps will have you punking friends and family like a pro

Have you ever wanted to call your friends as Darth Vader or Alvin from the Chipmunks? If you want to play a prank on your friends, we have the best voice-changer apps for iOS and Android, whether you want to record audio or make a call.
Mobile

Apple’s new iPads are hardly new at all. Don’t waste your money

It has taken Apple four years to get around to updating the iPad Mini line, but the new iPad Mini is virtually identical to its predecessor. It’s joined by a confusing iPad Air with no obvious target audience. Is Apple just trying to sell…
Mobile

iPad Air vs. iPad Mini: Which new tablet from Apple is best for you?

Apple has unveiled two new iPad models, including a new iPad Air and a new iPad Mini. Both devices have a lot to offer. But which iPad is right for your needs? We put the iPad Air and iPad Mini to the test to find out.