Announced
Financials
Sources
Tags
Acquisition
Private Equity
Private
Japan
car navigation
Pending
Friendly
Digital Services
Majority
Single Bidder
Domestic
Synopsis
Private equity firm Polaris Capital Group agreed to acquire Increment P, the car navigation and mapping business of Pioneer, a Japanese technology conglomerate. Financial terms were not disclosed. Even after the transaction is executed, Pioneer and Increment P will continue to collaborate on the development and provision of map data as each other’s most important partner.
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