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Business deals

Pioneer unloads Google Maps data supplier to Japan-based fund

Electronics maker to build out car navigation analytics with $270m deal

Increment P, a subsidiary of Japanese electronics group Pioneer, gathers geospatial information in Japan and Southeast Asia and has provided data to Google Maps since 2019.   © Reuters

TOKYO -- Pioneer, a struggling Japanese maker of in-car electronics, will offload a digital mapping subsidiary for an estimated 30 billion yen ($276 million) as the company seeks to develop new income sources.

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