CSR Buys Two

CSR PLC (LSE: CSR) has acquired NordNav Technologies AB and Cambridge Positioning Systems Ltd. No financial terms were disclosed for the deal, which will help CSR provide low-cost GPS for mass-market mobile phones and personal navigation devices. Sweden-based NordNav had raised VC funding from 3i Group, InnovationsKapital and Siemens Business Accelerator. UK-based CPS shareholders included 3i Group, Alta Berkeley Venture Partners, Capitalia Sofipa, CapMan, Ericsson Venture Partners, Cipio Partners, Intel Capital, Prelude Ventures, Siemens Venture Capital and Telesystem-Argo Global Capital. www.csr.com www.nordnav.com www.cursor-system.com