VentureWrap: GPS software company NordNav acquired by Cambridge Silicon Radio

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CSR has acquired Swedish GPS software developer, NordNav for a total of $75 million. In addition, CSR has acquired the assets of Cambridge Positioning Systems for $35 million.

Cambridge Silicon Radio expects to release product based on these acquisitions in the first half of 2007 – NordNav brings a proven software-based GPS solution and CPS a specialised location system technology.

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