History
Magellan started as an independent company. It was once owned by Orbital Sciences Corporation, which purchased it in 1994. In 2001, Thales Group purchased the Magellan division of Orbital Sciences for about $70 million and the Company became known as Thales Navigation. Five years later, private equity firm Shah Capital Partners and other investors purchased Thales Navigation for $170 million and the company was officially renamed Magellan Navigation.
Magellan was the creator of the Magellan NAV 1000—the world’s first commercial handheld GPS receiver, which debuted in 1989. In 1997, Magellan also introduced the first handheld global satellite communicator—the GSC 100. Later consumer handheld products included the Magellan GPS 2000, GPS 315, Meridian, SporTrak, and Magellan RoadMate models. The MobileMapper CE and ProMark3 have been marketed to professionals like surveyors and GIS (geographic information systems) users.
The consumer division of Magellan was purchased by Mio Technology subsidiary of MiTAC on December 15, 2008, who changed the name to "MiTAC Digital Corporation".
Read more about this topic: Magellan Navigation
Famous quotes containing the word history:
“The history of men’s opposition to women’s emancipation is more interesting perhaps than the story of that emancipation itself.”
—Virginia Woolf (1882–1941)
“The view of Jerusalem is the history of the world; it is more, it is the history of earth and of heaven.”
—Benjamin Disraeli (1804–1881)
“No one can understand Paris and its history who does not understand that its fierceness is the balance and justification of its frivolity. It is called a city of pleasure; but it may also very specially be called a city of pain. The crown of roses is also a crown of thorns. Its people are too prone to hurt others, but quite ready also to hurt themselves. They are martyrs for religion, they are martyrs for irreligion; they are even martyrs for immorality.”
—Gilbert Keith Chesterton (1874–1936)