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