SOURCE: AND International Publishers

October 10, 2007 02:54 ET

Mapmaker AND announces strategic review

ROTTERDAM, NETHERLANDS--(Marketwire - October 10, 2007) -



Rotterdam, 10 October 2007 - AND International Publishers N.V. ("AND"), a leading provider of worldwide digital mapping data, announces that it has retained a financial advisor to assist in evaluating potential strategic alternatives for AND. This is in response to recent market developments in the digital mapping sector including the proposed acquisition of Tele Atlas by TomTom, and the more recent offer by Nokia to acquire Navteq.

"We believe that AND has compelling technology and mapping capabilities and therefore is strongly positioned for future growth. However, given the recent strategic activity in the market, we believe that AND is in a unique position to further enhance and accelerate value creation" said Maarten Oldenhof, Chief Executive Officer.

AND has retained ThinkEquity Partners LLC, headquartered in San Francisco, U.S., as its financial advisor.

There is no assurance that this review will result in any changes to the company's current business plans or lead to any specific action or transaction. The company will disclose further developments regarding the strategic review if and when required.


About ThinkEquity Partners LLC

ThinkEquity Partners LLC (Member Finra and SIPC) is a research-centric institutional investment firm focused on the growth economy, dedicated to providing focused insight, advisory services, and capital to institutional investors and corporate constituents in the knowledge economy's key growth verticals, including technology, healthcare, media and consumer business services. ThinkEquity is a Panmure Gordon company. Panmure Gordon, one of the oldest established stockbrokers in the City of London, is a corporate and institutional stockbroker providing corporate finance advice, distributing and trading securities and publishing investment research. It is quoted on the AIM market of the London Stock Exchange. For more information on ThinkEquity Partners LLC and Panmure Gordon, please visit www.thinkequity.com and www.panmure.com.


About AND Automotive Navigation Data

AND Automotive Navigation Data is leading provider of digital mapping data used for location-based services around the world. AND Automotive Navigation Data focuses on the development of digital maps in Europe, North-Africa, Central and South America and Australia. The digital maps are used in personal and 'in-car' navigation, Internet-based mapping, fleet management and more. The company employs approximately 280 employees. The company was founded in 1984, is headquartered in Rotterdam, the Netherlands and is listed on Euronext Amsterdam (AND).





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Contact Information

  • Contact:

    Arjan Spigt
    Maarten Oldenhof (CEO)
    Email Contact
    Tel.: +31 10 8851200