Bridgestone to acquire TomTom Telematics

Brussels – Bridgestone Europe NV is acquiring Amsterdam-based TomTom’s Telematics business for a cash consideration of €910 million, Bridgestone has announced.

TomTom Telematics will help accelerate Bridgestone’s strategy to become a ‘mobility solutions’ leader in Europe, said a 22 Jan statement from the tire maker.

The acquisition is expected to be completed by the end of the second quarter of 2019, subject to regulatory approvals.

“The combination of both companies’ offerings will allow Bridgestone to cross-sell tires and solutions to a larger customer base,” the company explained.

Furthermore, it…

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