Just days after Bosch announced it was looking to possibly sell portable navigation maker Blaupunkt, the latter company has officially been sold. German holding company, Aurelius Group, specializes in acquiring companies in restructuring mode and they’ve picked up Blaupunkt. A report from Twice indicates that Blaupunkt will remain in Germany under the same name, as an independent company.
Dr. Dirk Markus, chairman of the directors of Aurelius, said, “We believe that the business we have acquired is sound, with significant potential for future development.” Blaupunkt will continue to focus on car infotainment, said the company.
It looks like Blaupunkt will remain in the PND business for the time being. The financial terms of the sale weren’t disclosed.