Tele Atlas had inked a deal with Kalyani Group (India), a leading Indian industrial group, to acquire substantial equity position in Kalyani Net Ventures Limited (KNVL), headquartered in Pune, India.
According to the global provider of digital maps and dynamic content for navigation and location based solutions, the joint venture (JV) with Kalyani Net Ventures will significantly strengthen Tele Atlas’ operations in India and its direct interaction with customers and other partners in the region.
Through this venture, Tele Atlas said it will gain access to an extensive map of India and to the growing business in map data licensing, GIS and customized mapping projects in India.
Kalyani Net Ventures Limited is a leading map provider in India serving the consumer application, business-to-business and business-to-government market segments. Previously, the company was solely owned by Kalyani Group.
“With this rich and exciting map offering, Tele Atlas will position itself as a major player in the emerging but highly promising Indian market for location based services (LBS) and navigation products,” said Mr. Mark Steele, Chief Operating Officer, Tele Atlas Asia Pacific.
“By combining our experience and technology with Kalyani’s regional expertise, we will be able to meet growing global customer requirements and local market demand for highly accurate digital maps of India.”
After closure of the transaction, the company will be renamed Tele Atlas Kalyani India Pvt. Ltd. and will leverage Tele Atlas’ production platform to develop India map and navigable data products with extensive coverage and content.
Designed to be fully aligned with Tele Atlas’ global map offering and seamlessly integrated in the Asia Pacific regional data offering, the first products in the standard Tele Atlas specifications are planned to be available in the third quarter of 2008 and will cover all major metropolitan areas and the national and state highway networks of India. Subsequent database products are planned to include additional urban centers and rich points of interest (POI) content. Tele Atlas Kalyani India Pvt. Ltd. also will offer an extensive range of enhancement products such as 3D landmarks and detailed city maps, aligning its product offering with the global product offerings of Tele Atlas.
Tele Atlas Kalyani India Pvt. Ltd will continue to serve all the existing customers for their geospatial solution requirements. With the added contribution of the Tele Atlas global technology, the existing KNVL customers will benefit from a richer database offering in the near future.
”We are very pleased to collaborate with Tele Atlas. The joint venture will allow us to leverage Tele Atlas’ industry-leading technology and help enable us to deliver the highest quality digital map solutions of India to a range of established and emerging growing markets. The venture will also meet the growing map related requirements of the various affiliate companies within the Kalyani Group,” said Mr. Amit Kalyani, Director, Kalyani Group, said,
Following the recent global outsourcing agreement renewal with Tele Atlas, Infotech Enterprises Limited will serve as an active partner of Tele Atlas Kalyani India Pvt. Ltd., providing specialized professional services to produce the India database in Tele Atlas’ production environment. The new agreement between Tele Atlas and KNVL is independent of the global relationship between Tele Atlas and Infotech. |
