November 24, 2008 11:15 AM, EST

NAVTEQ To Acquire German Traffic Data Firm

NAVTEQ announced last week that it will acquire T-Systems Traffic GmbH, a German traffic data firm.

T-Systems Traffic GmbH, also known as T-Traffic, is a 55-employee company providing taffic data and navigation services to European customers in the automotive and telecommunications industries, NAVTEQ said.

NAVTEQ plans to incorporate T-Traffic's data gathering technologies into its own operations, while using the acquisition as an opportunity to expand its services into Europe.

The deal is expected to be completed in 2009, NAVTEQ said.