Brussels – Bridgestone Europe NV/SA has completed the €910-million acquisition of Amsterdam-based TomTom Telematics (Telematics), the tire maker announced 1 April.
Telematics will operate as a standalone business while leveraging the customer base, global reach and retail network of Bridgestone.
The management team has remained unchanged within the Dutch digital fleet solutions provider, the statement added.
Post-acquisition, Telematics will be tap into Bridgestone’s investments and capabilities to accelerate its growth plans in Europe and other regions.
Bridgestone described the acquired business as a ‘strategic fit’ that would reinforce its…