AMSTERDAM (Reuters) - TomTom will remain independent and grow its core digital maps business, its CEO said on Tuesday after the company agreed to sell its fleet management business to Japan's Bridgestone for 910 million euros ($1 billion).21 Jan 2019
Who bought TomTom?
BRUSSELS--(BUSINESS WIRE)--Bridgestone Europe NV/SA (“Bridgestone”), a subsidiary of Bridgestone Corporation in EMEA, the world's largest tyre and rubber company, today announced it has completed the acquisition of TomTom Telematics (Telematics), the leading provider of digital fleet solutions in Europe, for €910 1 Apr 2019
How does TomTom make money?
TomTom has its map division that supplies data to all kinds of customers; they still make a surprisingly large amount of money from selling satnavs; they are involved in an consortium of companies that are working on automated driving; their systems are found as built-in solutions in several car brands; they supply
What happened to Tom Tom GPS?
TomTom, the Dutch online mapping company known for its car-based GPS systems, sold its telematics (fleet management) division to tire-maker Bridgestone for a whopping $1.03B.23 Jan 2019
Does Apple use TomTom?
Since its Maps app launched in 2012, Apple has relied on licensed data from navigation technology companies, including TomTom, to fill in the gaps where it hadn't yet captured its own data. Apple Maps is used by “hundreds of millions” of people in around 200 countries, the company says.31 Jan 2020