Magellan is one of the historians of satellite navigation, among the first to believe in openness to the consumer market of GPS navigation solutions and develop what would later become one of the most important segments of consumer electronics.
Recently, Magellan products, especially those addressed to the band more difficult market, we refer to the GPS navigators by car, have not been a success in Europe altogether worthy of the name wore, being the strong attack of new brands on the market , With a competition often made of prices.
Perhaps even given the current period of crisis Magellan Navigation decided to sell the division of consumer products dedicated to the Taiwanese MiTAC, which owns the Mio brand.
It is not presently have the details of the agreement, which should be formalized in January 2009.
