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Hungarian navigation software firm NNG acquires US peer

Telco

Hungarian navigation software developer NNG, which makes the iGO application, has bought US peer nFuzion with the aim of expanding its profile, the company's media agent told National news agency MTI.

NNG started focusing its business on navigation solutions in 2008 and now seven of the world's top ten carmakers use its products. NNG had after-tax profit of HUF 4.8 bln on revenue of HUF 16.9 bln last year, public records show. The company employs almost 600 people.

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