March 19, 2014 | Israeli geolocation startup KitLocate, which develops energy-saving GPS technology for smartphone apps, has been acquired by Russian company Yandex, the world’s largest non-English search engine. Yandex will set up its first Israeli offices, with KitLocate’s office serving as an R&D center for the Russian company. Though financial details were not disclosed, “Globes” reports and estimate of $15-20 million.
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