Navigon investment General Atlantic partners

NAVIGON wins general Atlantic as a shareholder

Capital basis and authority for fast growth strengthened

Hamburg, 23 November 2005 - NAVIGON, one the offerer of mobile navigation systems leading in Europe, strengthens its capital and its business strength by a participation of general Atlantic. NAVIGON increases the capital and takes part general Atlantic, those world-wide in the financing of growth enterprise active private Equity company, with approximately 25 % in NAVIGON. Chief partner remains Dipl. Ing. Peter Scheufen, who is also a chairman of the executive committee of the NAVIGON AG.
A crucial growth factor for the industry and for NAVIGON will be the product development. For success remains further crucial to bring the fastest and best innovation into the market. In addition the international development and the development of partnerships with prominent mark enterprises of the electronics industry are located in the focus, which will integrate in the future of always frequent navigation software into their devices for the mass-market.
"with general Atlantic we won just as experienced as investor oriented on a long-term basis, who recognized our outstanding growth potential and with the development of our market position and the realization of an international expansion", says Peter Scheufen, CEO of the NAVIGON AG will support us.
The market of mobile navigation developed with the technical ripe one and affordableness for a broad consumer layer rapidly: In the year 2003 European-wide 700,000 devices were sold, already to 2004 2.6 million navigation systems. Up to the end of the 3. Quarter this yearly already mobile navigation systems a customer found, to the year end 2005 the number of sold devices in the comparison to the previous year therefore again to more than will have doubled themselves over 4.4 million. NAVIGON expects the fact that in boom-end themselves superproportional growth segment of navigation will continue and would like to further remove its prominent role in Germany and Europe.
Dr. Klaus Esser, Managing Director with general Atlantic and chairman of the supervisory board of the NAVIGON AG says in the future: "mobile navigation is useful for everyone and affordable by the enormous technical progress owing to NAVIGON and other one now also for everyone. Therefore there are a very fast rising demand and high requirements to the young and innovation-strong team of NAVIGON to use the large wachstumschancen. We will support Peter Scheufen and its team with this forthcoming task gladly, in Europe and world-wide."

Over NAVIGON:

With the development that world-wide first mobile government inspection department navigation carried NAVIGON out pioneer work and sets with its products to today quality yardsticks. It is a European-wide leading enterprise in the mobile navigation industry (in accordance with CANALYS, 11/2005). The German system manufacturer with company headquarters in Hamburg and peppering castle employs over 150 coworkers. Beyond that NAVIGON is in central and Western Europe, represent as well as in the USA and Canada with local selling. In the center of the business philosophy mobility is located for humans and enterprises, always and everywhere, surely and comfortably, simply flatable and efficiently.