NNG Expands Automotive Footprint with American Acquisition
NNG, developer of the award-winning iGO Navigation software based in Budapest, acquired nfuzion, an American HMI prototyping company. The acquisition will allow NNG to broaden its presence in automotive on-board systems.
BUDAPEST, Hungary--(BUSINESS WIRE)--Already a leading supplier of navigation software, content, and services, NNG plans to develop infotainment and HMI technologies, which highlights the company’s growing influence in the automotive market.
“It was obvious early in our cooperation that we shared a passion for the automotive industry and HMI design, and we recognized the same problems facing automakers today. Combining NNG’s expertise in navigation software and nfuzion’s expertise in HMI design, we can solve those problems.”
nfuzion specializes in advanced technology solutions for the automotive industry. Their capabilities range from industrial and UI design to mechanical and electrical engineering. They bring 14 years of in-car entertainment knowledge to NNG, having worked with numerous international car brands, and give NNG a new range of tools, products, and consulting to utilize on future projects. NNG and nfuzion had previously worked together and expressed mutual interest in combining their efforts.
“We identified a strategy that would enable NNG to expand its presence in cars,” said Péter Balogh, CEO of NNG. “It was obvious early in our cooperation that we shared a passion for the automotive industry and HMI design, and we recognized the same problems facing automakers today. Combining NNG’s expertise in navigation software and nfuzion’s expertise in HMI design, we can solve those problems.”
“This acquisition has served as validation for years of hard work,” said Kris Hanon, Principal of nfuzion. “Being able to lend our HMI experience and services to an international company like NNG is truly inspiring. I have no doubt that such a collaboration will take our products and vision to a new level of innovation.”
Now a subsidiary of NNG, the nfuzion team and their offices in Georgia and Virginia will fall under the NNG umbrella. This expansion continues an upward trend for NNG, which has increased its revenue by nearly 50% and its workforce by over 20% in each of the last 4 years. NNG now has close to 700 employees, with further recruitment efforts planned for the future.
About NNG LLC
NNG is the leading navigation solution provider for the automotive, personal, and wireless navigation markets, offering on-board, 3D navigation applications that incorporate connected features and a universal online update portal. The core technology is based on the award-winning iGO Navigation engine. The innovative navigation software, fluid user interfaces, and related content and services are delivered globally to device manufacturers, auto makers, network operators, professional transport specialists, and individual users.
The iGO Navigation software is currently installed in more than 20 million devices throughout the world with over 30 million signed orders from 30 global car brands. NNG continues to develop global markets for navigation solutions through eight company branches located in Hungary, Israel, Switzerland, India, Australia, China and the United States (3x). NNG is the recent recipient of the European Business Award for Growth Strategy of the Year and its headquarters based in Budapest won “The 2012 Office of The Year” Award presented by iroda.hu.
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