September 12, 2019 - 11:15 AM EDT
Luokung Technology To Acquire eMapgo Technologies For Map Tech





Luokung Technology To Acquire eMapgo Technologies For Map Tech

Quick Take

Luokung Technology (LKCO) announced it has agreed to acquire eMapgo Technologies (Beijing) for $119 million.

eMapgo provides a map service platform in China consisting of navigation electronic maps, ADAS maps and HD maps of the country as well as geographic location information services.

With the acquisition, LKCO seeks to combine eMapgo’s data with its indoor location data subsidiary Yuanli Anda, to create a full indoor / outdoor map in China.

Target Company

Beijing, China-based eMapgo was founded in 2004 and has obtained Class-A qualification certificates of navigable surveying and mapping, internet

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Source: SeekingAlpha (September 12, 2019 - 11:15 AM EDT)