( October 2019) ( Learn how and when to remove this template message) Unsourced material may be challenged and removed. Please help improve this section by adding citations to reliable sources. In 2006, Navigon acquired Navteq's navigation software business. In 2005, the private equity firm General Atlantic bought a minority interest in the company in order to provide capital for expansion Peter Scheufen maintains majority ownership. In 2004, after primarily catering to the European market, Navigon directly entered the North American market by forming a subsidiary, Navigon Inc. With the introduction of Traffic Message Channel-based (TMC) traffic avoidance features in 2002, Navigon became the first company to offer such a feature on a consumer GPS product. In 2000, the firm launched the industry's first navigation software for the Pocket PC.
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