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Vodafone offers £20m for navigation firm Wayfinder

Acquisition to bring direction services to handsets

Vodafone has offered 239m Swedish kronor (£19.7m) to purchase navigation software developer Wayfinder.

The 12 kroner-per-share deal would see WayFinder's local search and directions services being made available to mobile phones users.

Wayfinder Navigator review

Vodafone_logo_square"The Wayfinder software enables mobile phones to display user-friendly maps as well as deliver voice directions to drivers in the same way as dedicated navigation devices," said Pieter Knook, internet services director at Vodafone.

"Wayfinder's exceptional expertise in this space and technology capabilities will enable Vodafone to develop a suite of exciting new location-aware products and services."

Vodafone confirmed Wayfinder's board, which holds 45 percent of shares, had accepted the deal.

See also: Vodafone BlackBerry Storm 9500 launches today

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