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Vodafone has acquired Sweden’s WayFinder, a company that develops mobile GPS-enabled location applications that allow GPS based routing, for €24 million.

WayFinder has developed three products, WayFinder Navigator – a GPS routing app, WayFinder Earth – a POI database, and WayFinder Active – a service that helps athletes monitor their exercise progress.

Vodafone plans to use WayFinder’s technology to develop new and innovative geo-aware applications.