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No Deal: Renesas Terminates Proposed $249 Million Acquisition of Sequans

Company cites adverse tax rulings in Japan as reason… Japan-based Renesas Electronics has cancelled its proposed $249 million acquisition of IoT module manufacturer Sequans Communications SQNS 0.00%↑.  Renesas said that under the...

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Gabb Wireless and HERE Technologies Partner Gabb Wireless has partnered with HERE Technologies to launch Gabb Maps, which the companies are calling kid-safe mapping and navigation for all Gabb...

MWC 2024 Preview:  Mapping Companies Return, Automakers Don’t

The annual Mobile World Congress in Barcelona, set to kick off early next week, used to see a ton of automakers—even if it was known as...

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Korea Augmentation Satellite System Certified The Korea Augmentation Satellite System (KASS), which was developed by Thales Alenia Space, has been certified by the South Korean government.  The navigation...

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Point One Navigation Announces Polaris Location Services in South Korea Point One Navigation has announced that their Polaris real-time kinematic (RTK) location network is now available in South...

Everfield’s Acquisition of Visioglobe Fits Company Strategy

Although announced in late October, Everfield’s purchase of French navigation provider Visioglobe fits well with the company’s acquisition strategy, which focuses on vertical market software solutions, a...

Runway Announces $50 Million in Debt Commitment to GPS Tracking Company

Runway Growth Capital has announced a $50 million debt commitment to Linxup, a St. Louis-based GPS tracking, telematics and fleet management provider.  Runway said it will refinance Linxup’s...

HERE Technologies Names Nefkens CEO

Gets top job at largest mapping company… After a lengthy search, HERE Technologies has appointed industry veteran Mike Nefkens as CEO.  Nefknes, who most recently was with Boston Consulting Group,...

Weekly Product News

TomTom's Road Analytics Products Available in Microsoft Azure Marketplace TomTom  has announced that Microsoft MSFT 0.02%↑ Azure customers can now purchase its Junction Analytics in the Microsoft Azure Marketplace.  TomTom Junction Analytics leverages historical and real-time traffic...

Powerfleet and MiX Telematics Merge, Creating 1.7 Million Subscribers

The combined business revenues total $279 million, including $210 million in recurring SaaS revenue. Creating a 1.7-million subscriber base, Powerfleet PWFL -6.94%↓ and MiX Telematics MIXT -1.94%↓ announced this week that they will...

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