Bridgestone to acquire TomTom Telematics for €910m23 January 2019

Bridgestone Europe is to acquire TomTom’s telematics business for €910 million, with the tyre maker predicting the deal will result in “a fleet solutions powerhouse”.

In a statement, Bridgestone says the future of vehicles is “connected, autonomous, shared and electric” and that digital mobility solutions and fleet solutions are “a strategic priority”.

TomTom Telematics’ products include WebFleet and NextFleet. More than two thirds of its growing user base of 860,000 vehicles is commercial.

The deal is expected to be finalised in the second quarter of 2019.

“Our complementary assets and capabilities will create a fleet solutions powerhouse and will further strengthen Bridgestone’s digital technology arm,” says Paolo Ferrari, president and CEO of Bridgestone EMEA.

“We are now well-positioned in EMEA to accelerate our data-driven business, expand our fleet customer base and seize fast-growing, profitable opportunities in the automotive mobility industry.”

Laura Cork

Related Companies
Bridgestone Europe NV/SA
TomTom Telematics

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