Bluetooth Chipmaker Acquires Cambridge Positioning Systems and Swedish GPS company

EETimes has the story:

Bluetooth chip market leader CSR plc. ... plans to incorporate their software to make global positioning and personal navigation a much cheaper and better performance option for mobile phones and other hand-held devices. CSR is paying in cash an initial $40 million for Swedish group NordNav Technologies AB, and $35 million for Cambridge Positioning Systems. ...[CSR] expects its first GPS product offerings that support satellite navigation and other location-based services to be available during the first half of this year, with cost expected to subsequently reduce to less than $1.

That’d be a drop from the current $5-$10 price.

Press Release

Published Monday, January 15th, 2007

Written by Adena Schutzberg

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