Nokia's Navteq buys traffic service Trapster
HELSINKI (Reuters) - Nokia's (NOK1V.HE) Navteq, the world's top digital mapping company, has bought California-based speed trap sharing service Trapster to strengthen its location-linked content offering, it said on Monday. Trapster, which says it has 9.4 million users, allows users to share locations of police road checks and road hazards.
"Navteq believes that community-generated data has a critical part to play in location content," a Navteq spokeswoman said.
She declined to provide any financial details. "It's a small deal, even by Navteq standards," she said.
Nokia shares edged up 0.6 percent, in line with the market.