Navteq unit buys Germany-based MapSolute for $40 mln

Nov 7 (Reuters) - Digital map supplier Navteq Corp NVT.N said in a regulatory filing that its Navteq German Holdings B.V. unit acquired MapSolute GmbH, a Germany-based developer of geographical software, for about $40 million.

About $6.5 million of the purchase price will be put in an escrow account to get MapSolute founders' indemnification obligations, to secure any potential purchase price adjustments and to provide incentives for the founders to continue as managing directors of MapSolute, the filing said.

Navteq had recently agreed to be acquired by Nokia (NOK1V.HE) for $8.1 billion. (Reporting by Neha Pathania in Bangalore; Editing by Gopakumar Warrier)