Bridgestone Europe announces the acquisition of the Dutch company TomTom Telematics units, which is the European leader in telematics and digital solutions for the management of parks vehicles, for 910 million Euro.
This deal will combine the world’s largest company for the production of tires with Europe’s largest provider of solutions for optimal management of your corporate fleet with a strong data platform. TomTom Telematics will accelerate the promotion of the Bridgestone Corporation for leadership in the field of mobile solutions in the EMEA region, and the combined proposals of both companies will allow cross-Bridgestone sell tyres and digital solutions for fleet management to a wider range of customers. In addition, access to data will improve virtual testing and development of Bridgestone tyres, as well as innovations in the field of “smart” tire that will benefit all customers of Japanese corporations, including automakers.
TomTom Telematics is the undisputed leader in a rapidly growing industry with huge user base, numbering 860 thousand vehicles, of which two thirds are commercial. Every day the company processes more than 800 million GPS-positioning, 3.3 million flights and 200 million incoming messages.
Bridgestone has a perfect set of assets to accelerate business TomTom Telematics, which will be able to rely on significant capital Japanese brand, its large client base, preferred supplier status is the world’s leading automakers and fleets, as well as 2 600 points of sales in EMEA.
“In the face of TomTom Telematics, we found the perfect partner, says CEO and President of Bridgestone EMEA Paolo Ferrari. Our complementary assets and capabilities will create a fleet of powerful solutions and would further strengthen Bridgestone’s position in the market of digital technologies. We recognize and respect the talent and ability of the management team of TomTom Telematics and its 670 employees. We intend to develop the business and to maintain current plans of the company. We want to TomTom Telematics has continued to serve its customers as successfully as it did in the last few years, and to take advantage of the leading position in the rapidly growing market.”
The transaction is expected to be completed no later than the second quarter of 2019.