Prairie Capital-backed Navman Wireless has entered into an agreement to sell its Navman Wireless OEM Solutions subsidiary to Telit Wireless Solutions (AIM: TCM) for $3 million. The subsidiary designs and manufactures global positioning system solutions for various OEM applications. Prairie Capital acquired Navman in 2007.
© 2022 PitchBook Data. All rights reserved. PitchBook is a financial technology company that provides data on the capital markets.