In late 2007 NAVTEQ was acquired by mobile phone manufacturer Nokia (NOK) for $8.1 billion.
NAVTEQ helps people in Europe, the Middle East, and North America with directions. Car and navigation system manufacturers incorporate the company's NAVTEQ digital mapping database into vehicle navigation, along with Web-based mapping sites. NAVTEQ also sells to government agencies. The database provides information such as street names, turn restrictions, and the locations of hospitals, gas stations, and tourist destinations