Bridgestone Europe acquires TomTom Telematics
BRUSSELS—Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation in EMEA, has acquired TomTom Telematics, a provider of digital fleet solutions in Europe, for €910 million.
The acquisition has now passed the regulatory stages, had full approval from TomTom’s shareholders, and received a positive response from TomTom’s works council.
TomTom Telematics will operate within Bridgestone as a standalone business. Its management team remains unchanged as a result of the deal and will draw on Bridgestone’s investments and capabilities.
The closing of this transaction is a significant milestone on Bridgestone’s transformation journey from tyre producer to mobility solutions leader,” said Paolo Ferrari, CEO and president of Bridgestone EMEA, executive VP of Bridgestone Corporation.