TomTom Telematics will soon be under new ownership with tyre giants Bridgestone to take control of the digital fleet solutions provider.
The deal, worth around $1.45 billion AUD, will be completed towards the end of the year.
TomTom Telematics has proven one of the most popular telematics service providers in Australia in recent years and is being utilised by a large number of truck and bus operations.
The telematics division of the sat-nav manufacturer has also been extremely successful in Europe.
Bridgestone say they can see even more potential for the TomTom Telematics business across the globe.
In a statement confirming the acquisition, Bridgestone said:
Combining this digital fleet solution with Bridgestone’s tire expertise and global service network creates an opportunity that accelerates the company’s effort to become a key partner in the Mobility as a Service (MaaS) landscape with leading tire products, services and solutions offerings.
In addition to reinforcing Bridgestone’s broad and leading portfolio, this strategic investment will also strengthen its position as an innovative leader in the field of tire design, and tire predictive maintenance service.
Bridgestone will gain unprecedented insights into vehicle and tire operating conditions and be able to leverage a growing installed user base of 860,000 vehicles communicating 200 million data points per day.
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