Universal Map Group LLC has acquired the intellectual property and other assets of American Map Copopration, Hagstrom Map Company, Alexandria Drafting Company and Hammond World Atlas Corporation, all subsidiaries of New York-based map publisher Langenscheidt Publishers. The divesture is scheduled to close shortly.
Universal Map said that it plans to retain the trademarks of all of three firms it acquired and plans to expand their presence in the U.S. under their current trademarks and Universal and its Kappa brand. American Map president John Muchnicki said, “the divesture of American allows Langenscheidt to fully focus its efforts in the international expansion of its foreign language and travel products and services.”
Universal Map chairman Nicholas Karabots said American Map is the “premier regional map publisher in the New England and Mid-Atlantic regions of the U.S.” and that the acquisition would “extend its brand and further enhance its proprietary map coverage. Our acquisition of the American Map product line will result in an expansion of service to our retail customers.”
