It looks like Magellan has decided to sell their consumer products division to MiTAC. MiTAC is of course the owner of Mio. I guess they should be happy they purchased their rival. What will happen to Magellan’s GPS products? Time will tell! But for now Magellan is more popular than Mio despite it doesn’t necessarily offer better products. Either way, by January when the sale will be completed we will be able to tell you more.

Magellan Navigation, Inc. today announced it has entered into a definitive agreement to sell the Magellan consumer products division to MiTAC International Corp. Closing of the transaction is anticipated in January of 2009. Financial terms are not disclosed.

Recognized as an industry innovator, the Magellan consumer products division is the creator of the award-winning Magellan(R) RoadMate(R) and Maestro(TM) series portable car navigation systems, and the Magellan Triton(R) outdoor handheld navigation devices. The company is recognized worldwide through its Magellan brand.

via gpsreview