About NovAtel
NovAtel is a company based in Calgary (Canada) founded in 1978 was acquired by Hexagon in October 2007.. NovAtel has completed 1 acquisition, including Ctrack. NovAtel offers products and services including GNSS Receivers, GPS & GNSS Antennas, and Correction Services. NovAtel operates in a competitive market with competitors including TomTom, HERE, NextNav, Humatics and NavInfo, among others.
- Headquarter Calgary, Canada
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Sectors
Industrial Goods & ManufacturingTransportation, Automotive & Logistics Technology
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Phone
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Website
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Social
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- Legal Name Novatel Inc.
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Products & Services of NovAtel
NovAtel offers a comprehensive portfolio of products and services, including GNSS Receivers, GPS & GNSS Antennas, and Correction Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Devices for accurate satellite-based positioning in navigation applications.
Antennas that receive GNSS signals for precise location tracking.
Services providing enhanced accuracy for GNSS positioning systems.
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Funding Insights of NovAtel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in NovAtel
NovAtel has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Hexagon. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Hexagon is recognized for delivering advanced measurement and automation technologies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by NovAtel
NovAtel has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ctrack. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of fleet management products and solutions for the insurance sector
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1985 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NovAtel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novatel Comparisons
Competitors of NovAtel
NovAtel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TomTom, HERE, NextNav, Humatics and NavInfo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
SaaS-based navigation and location mapping solutions are developed.
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Location-based services and mapping solutions are provided globally.
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Indoor positioning solutions for enterprises are provided.
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| domain | founded_year | HQ Location |
Control systems for collaborative robots in human environments are developed.
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Digital maps, telematics, and dynamic traffic information solutions are provided.
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Real-time positioning and navigation services via LEO satellites are delivered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Novatel
Frequently Asked Questions about NovAtel
When was NovAtel founded?
NovAtel was founded in 1978.
Where is NovAtel located?
NovAtel is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
What does NovAtel do?
NovAtel was founded in 1978 in Calgary, Canada, within the global navigation satellite system (GNSS) sector. Positioning solutions are delivered via GNSS systems, augmentation components, GPS tracking devices, and navigation sub-systems. OEM products, including receivers, enclosures, antennas, and firmware, are developed for integration into high-precision applications. These are utilized across industries such as agriculture, surveying, and autonomous systems, with operations centered in North America.
What products or services does NovAtel offer?
NovAtel offers GNSS Receivers, GPS & GNSS Antennas, and Correction Services.
How many acquisitions has NovAtel made?
NovAtel has made 1 acquisition, including Ctrack.
Who are NovAtel's investors?
NovAtel has 1 investor. Key investors include Hexagon.