“The fishermen know that the sea is dangerous and the storm terrible, but they have never found those dangers sufficient reason for remaining ashore.”
– Vincent van Gogh (1853–1890)
Dutch painter
We earn more challenges by dealing with and overcoming more challenges.
Embrace your experience. Enjoy the weather.
The European Space Agency has released a map of sea ice thickness in the Arctic based on observations by the CryoSat-2 satellite. “CryoSat measures the height of the sea ice above the water line, known as the freeboard, to calculate the thickness. The measurements used to generate this first map of the Arctic were from January and February 2011, as the ice approaches its annual maximum. The data are exceptionally detailed and considerably better than the mission’s specification. They even show lineations in the central Arctic that reflect the ice’s response to wind stress.” There’s also a map of Antarctic ice, but it’s preliminary.
Garmin Ltd. and Navigon AG announced today that Garmin Ltd. and the shareholders of Navigon AG have signed an agreement for a subsidiary of Garmin to acquire privately-held navigation provider Navigon AG (“Navigon”).
“This acquisition is a great complement to Garmin’s existing automotive and mobile business. Navigon has invested significantly in the European automotive OEM business, and we feel that we can rapidly expand our automotive OEM footprint and capabilities through this transaction,” said Cliff Pemble, Garmin’s president and COO. “With Navigon, we are also acquiring one of the top-selling navigation applications for the iPhone and Android platforms – something that we expect will help drive revenue for the combined company going forward. Combining Navigon’s and Garmin’s strengths also improves our competitiveness and standing, particularly in Europe.”
Navigon is headquartered in Germany. In addition to its automotive OEM and navigation application for smartphones, the company has an estimated seven percent share in portable navigation devices (PNDs) in Europe. In regards to PNDs, Navigon’s products are known for their compelling design, performance, and innovative software features.“We look forward to sharing expertise, technologies, and relationships between Navigon and Garmin in order to serve more customers, expand product offerings, and lead the market in hardware and software innovation,” said Egon Minar, CEO of Navigon. “Our two companies each bring complementary strengths to the table, but what we share is a passion for customer satisfaction through innovation.”
Navigon will operate as a subsidiary of Garmin Ltd. The acquisition is subject to regulatory approvals and other customary closing conditions. Financial terms of the transaction will not be released.
Garmin provides a broad range of in-vehicle electronics for the automotive industry, including automotive grade infotainment and telematics systems, navigation software, and integrated portable navigation systems.
Since its inception in 1989, Garmin has delivered 85 million GPS enabled devices – far more than any other navigation provider. Garmin’s market breadth in the GPS industry is second to none, having developed innovative products and established a leadership position in each of the markets it serves, including automotive, aviation, marine, fitness, outdoor recreation, tracking, and wireless applications.