Tele Atlas Enters Joint Venture with Kalyani Group in India

4/13/2008, 11:16 PM (Source: GlobeNewswire)
Tele Atlas Enters Joint Venture with Kalyani Group to Establish Tele
Atlas Kalyani India Pvt. Ltd

Hertogenbosch, The Netherlands, April 14, 2008 - Tele Atlas (FSE:
TA6, EUNV: TA), a leading global provider of digital maps and dynamic
content for navigation and location based solutions, today announced
that it has signed a definitive agreement with Kalyani Group (India),
a leading Indian industrial group, to acquire substantial equity
position in Kalyani Net Ventures Limited (KNVL), headquartered in
Pune, India. The closing of the transaction is subject to the
satisfaction of certain usual and customary closing conditions.

Kalyani Net Ventures Limited is a leading map provider in India
serving the consumer application, business-to-business and
business-to-government market segments. Previously, the company was
solely owned by Kalyani Group.

The joint venture with Kalyani Net Ventures will significantly
strengthen Tele Atlas' operations in India and its direct interaction
with customers and other partners in the region. Through this
venture, Tele Atlas will gain access to an extensive map of India and
to the growing business in map data licensing, GIS and customized
mapping projects in India.

"With this rich and exciting map offering, Tele Atlas will position
itself as a major player in the emerging but highly promising Indian
market for location based services (LBS) and navigation products,"
said Mr. Mark Steele, Chief Operating Officer, Tele Atlas Asia
Pacific. "By combining our experience and technology with Kalyani's
regional expertise, we will be able to meet growing global customer
requirements and local market demand for highly accurate digital maps
of India."

After closure of the transaction, the company will be renamed Tele
Atlas Kalyani India Pvt. Ltd. and will leverage Tele Atlas'
production platform to develop India map and navigable data products
with extensive coverage and content. Designed to be fully
aligned with Tele Atlas' global map offering and seamlessly
integrated in the Asia Pacific regional data offering, the first
products in the standard Tele Atlas specifications are planned to be
available in the third quarter of 2008 and will cover all major
metropolitan areas and the national and state highway networks of
India. Subsequent database products are planned to include additional
urban centers and rich points of interest (POI) content. Tele Atlas
Kalyani India Pvt. Ltd. also will offer an extensive range of
enhancement products such as 3D landmarks and detailed city maps,
aligning its product offering with the global product offerings of
Tele Atlas.

Tele Atlas Kalyani India Pvt. Ltd will continue to serve all the
existing customers for their geospatial solution requirements. With
the added contribution of the Tele Atlas global technology, the
existing KNVL customers will benefit from a richer database offering
in the near future.

Announcing the strategic partnership with Tele Atlas and the
participation of Tele Atlas in the management of KNVL (to be renamed
as Tele Atlas Kalyani India Pvt. Ltd), Mr. Amit Kalyani, Director,
Kalyani Group, said, "We are very pleased to collaborate with Tele
Atlas. The joint venture will allow us to leverage Tele Atlas'
industry-leading technology and help enable us to deliver the highest
quality digital map solutions of India to a range of established and
emerging growing markets. The venture will also meet the growing map
related requirements of the various affiliate companies within the
Kalyani Group."

Following the recent global outsourcing agreement renewal with Tele
Atlas, Infotech Enterprises Limited will serve as an active partner
of Tele Atlas Kalyani India Pvt. Ltd., providing specialized
professional services to produce the India database in Tele Atlas'
production environment. The new agreement between Tele Atlas and KNVL
is independent of the global relationship between Tele Atlas and
Infotech.

About Tele Atlas
Tele Atlas delivers the digital maps and dynamic content that power
some of the world's most essential navigation and location-based
services (LBS). The information is the foundation for a wide range of
personal and in-car navigation systems and mobile and Internet map
applications that help users find the people, places, products, and
services they need, wherever they are. The company also works with
business partners who trust its digital map data to deliver critical
applications for emergency, business, fleet, and infrastructure
services. Through a combination of its own products and partnerships,
Tele Atlas offers digital map coverage of more than 200 countries and
territories worldwide. The company was founded in 1984 and today has
approximately 2,500 full-time staff and contract cartographers at
offices in 24 countries and uses a sophisticated network of
professional drivers, mobile mapping vans, and more than 50,000 data
resources to deliver highly accurate and up-to-date digital maps.
Tele Atlas is listed on the Frankfurt Stock Exchange (TA6) and on
Euronext Amsterdam (TA). For more information, visit
www.teleatlas.com.

About Kalyani Group
Kalyani Group established in mid 1960s, is a leading Indian
industrial conglomerate today with interests in forgings, automotive
components, Engineering Quality steel, Information Systems and other
niche segments such as non conventional energy & heavy engineering
components. The Group turnover is $2.1 billion and market
capitalization of its listed entities exceeds $5 billion. The Group's
manufacturing presence spans six countries across three continents
viz. Asia, North America & Europe. The group has joint venture
relationships with some of the world's leading players such as
ArvinMeritor, USA, Carpenter Technology Corporation, USA, Hayes
Lemmerz, USA, Gerdau SA, Brazil and FAW Corporation, China. The group
places strong emphasis on technology, customer relationships and
continuous & sustained development of its over 10,000 strong global
human resources.

# # #

Tele Atlas and the Tele Atlas logo are registered trademarks of Tele
Atlas. All other trademarks are property of their respective owners.

+-------------------------------------------------------------------+
| Media Contacts | |
| | |
|-------------------------------------+-----------------------------|
| MS. ADELINE TAN | MS. SARITA IYER |
| The Hoffman Agency (for Tele Atlas | Kalyani Group |
| Asia Pacific) | TEL: +91-20-26824666 / 2670 |
| DID: (65) 6252 8085 | 2638 |
| MOBILE: (65) 9745 6345 | MOBILE: +91-9822403474 |
| E-MAIL: atan@hoffman.com.sg | E-MAIL: |
| | siyer@bharatforge.com |
| ERIN DELANEY | |
| Tele Atlas | |
| DID: +1-617-570-6352 | |
| MOBILE: +1-617-721-1923 | |
| E-MAIL: erin.delaney@teleatlas.com | |
| | |
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