TomTom Repositions As Autonomous Navigation Biz
Date: Friday, March 22 @ 03:32:32 UTC
Topic:
TomTom shareholders have approved the sale of TomTom Telematics to Bridgestone Europe. The sale was announced in January and this paves the way for TomTom to concentrate on core strengths.
The sale raised £790m with the majority being distributed amongst shareholders. The remainder will be reinvested in the company. The sale agreement comes as TomTom repositions to focus on autonomous navigation using its map data, navigation software and real-time traffic info services.
In the same week it was announced that international PR firm Lewis has has been appointed to handle communications for TomTom in the UK and The Netherlands with a remit to help position them as the leader in autonomous car navigation systems.
telematics.tomtom
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