MapBiz: NAVTEQ To Buy Mexican Mapping Firm

NAVTEQ, one of the two largest providers of digital mapping data for the popular online mapping services announced its intention today to acquire the Mexican business unit, gedas MapIT. gedas MapIT, a division of gedas Mexico is the leading digital map provider in Mexico. Navteq says it made the deal to broaden its digital map coverage and to provide a base for future growth.

As part of the deal, NAVTEQ will get a production facility in Leon, Mexico as well as a facility in Mexico City. The company says it plans to merge the Mexican geographic coverage with its existing maps by the end of the year.