Despite booming market growth, Navman has struggled in a market dominated by Garmin and TomTom. Taipai, Taiwan already makes GPS devices but the acquisition of the well-known Navman brand will raise its profile in a market, which is estimated to be heading for 80% growth in 2007.
MiTAC, which makes PCs, servers and mobile communication devices, saw sales rise 11.4% in 2006 to NTD 82.8bn ($2.5bn).
