Magellan Sells Consumer Products Division to MiTAC

GPS Tracklog and GPS Review are reporting that Magellan has sold its consumer products division — think the Maestro, RoadMate and Triton — to MiTAC, whose Mio subsidiary also makes consumer GPS products. Curiouser and curiouser. (Apparently Magellan has been struggling in the past few years, with plummeting market share, leadership departures, and delayed product releases.) No word on what MiTAC’s going to do with Magellan’s product lines; not much in the way of details at all so far this morning.