Nokia Gets Antitrust Approval for Navteq Acquisition

Finnish mobile phone maker Nokia received European antitrust approval to complete its $8.1 billion purchase of Navteq Corp., a Chicago-based provider of digital maps for in-vehicle navigation systems.

Navteq’s digital mapping data are used in a number of trucking navigation products, including Maptuit Corp.’s NaviGo.

ALK Technologies, a Princeton, N.J. provider of truck-specific navigation software, uses Navteq mapping data in its European mapping and routing applications.

Nokia announced it would purchase Navteq in late 2007.