TomTom Completes Sale of Telematics to Bridgestone
Apr 01, 2019
Amsterdam, The Netherlands, 1 April 2019 - Location technology specialist TomTom (TOM2) today completed the sale of its Telematics business to Bridgestone Europe NV/SA for a purchase price of €910 million.
“Today is an important milestone for TomTom. With strong innovation and a renewed focus on the Automotive and Enterprise segment, we will advance the future of driving with highly accurate maps, navigation software and real-time traffic information and services,” commented Harold Goddijn, CEO, TomTom. “We will invest in further improving the efficiency of our map-making platform and launch leading-edge products to enable automated driving and developer applications.”
As agreed at the Extraordinary General Meeting held on 18 March, TomTom will return €750 million of the net proceeds of the sale to its shareholders, expected to occur in the second quarter of this year.
Downloads
About TomTom
Billions of data points. Millions of sources. Thousands of communities.
We are the mapmaker bringing it all together to build the world’s smartest map. We provide location data and technology to drivers, carmakers, businesses and developers. Our application-ready maps, routing, real-time traffic, APIs and SDKs empower the dreamers and doers to move our world forward.
Headquartered in Amsterdam with 3,300 employees around the globe, TomTom has been shaping the future of mobility for over 30 years.
www.tomtom.com