Tele Atlas Opens Joint Venture in Indonesia
Agreement with PT Navindo Technologies Is A Key Component of Company’s Expansion Across Southeast Asia
s-Hertogenbosch, The Netherlands, September 7, 2006 – Tele Atlas NV, a leading global provider of geographic content, today announced the opening of its Indonesian joint venture, PT Tele Atlas Indonesia. Formed as a business partnership between Tele Atlas and Indonesian map solutions provider PT Navindo Technologies, the new company will focus on delivering a highly accurate digital map database of Indonesia and on in-country marketing and sales activities.
The fourth most populated country in the world, Indonesia is experiencing substantial economic growth. Tele Atlas Asia Pacific Chief Operating Officer Mark Steele said the country is expected to be an active market for mobile local search and navigation solutions. “Navindo is the most advanced mapping company in Indonesia, and this joint venture puts us in the best position to quickly deliver the quality geographic content our partners and customers will demand. It is an important move in our strategy to lead the digital map market in Southeast Asia.”
Navindo President Anton Santoso said the two companies bring complementary strengths to the market. “Tele Atlas’ global reach, industry expertise and technology leadership combine with Navindo’s local knowledge to help us explore the full potential of the emerging Indonesian market.”
PT Tele Atlas Indonesia will initially focus on enhancing its map database of core population centers, including Jakarta, Bandung and Surabaya, and is expected to deliver map products starting in early 2007. The joint venture will initially employ 20 people in an office located in central Jakarta.
About Tele Atlas
Founded in 1984, Tele Atlas delivers the digital maps and dynamic location content that power the world’s most essential geographic solutions. The information is the foundation for a wide range of personal and in-car navigation systems, mobile and Internet map applications that help GPS system users find the people, places, products and services they need, wherever they are. Tele Atlas also works with business partners who deliver critical applications for emergency, business fleet and infrastructure services. The company employs 2,300 full-time staff and contract cartographers at offices in 20 countries around the world and uses a sophisticated network of professional drivers, mobile mapping vans and tens of thousands of data sources to regularly update its maps. Tele Atlas is listed on the Frankfurt Stock Exchange (TA6) and on Euronext Amsterdam (TA). For more information, visit www.teleatlas.com.
About PT Navindo Technologies
Navindo Technologies is member of Okansa Group in Indonesia, a diversified business group founded in 1993. Navindo focuses on the development of digital maps for navigation and telematics businesses for the Indonesia region. As the provider of the most complete and detailed digital map in Indonesia, Navindo Technologies provides the best, navigation-ready maps for various GPS applications. Its telematics division provides fleet management and tracking utilizing the most advanced GPS technology and solutions. For further information, visit www.okansa.com or www.navindo.com.
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- Tele Atlas North America
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