This latest acquisition by Telit follows its March 2011 acquisition of Motorola's M2M solutions business and its July 2011 acquisition of GlobalConnect, an M2M services and enterprise connectivity company. Navman is expected to generate approximately US$7.1 million in revenue and US$0.2 million in EBITDA for the year ending December 31, 2011. The transaction was completed on January 3, 2012.

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