TomTom sells telematics business to Bridgestone

23/01/2019 |

Mapping, traffic information and satnav company TomTom is selling its Telematics business to the European division of Bridgestone, saying it’ll allow it to concentrate on maps, navigation and information services.


More than three quarters of the €910 million (£793 million) raised from the sale will be returned to shareholders, with the rest invested in future services.


TomTom says the deal allows the Telematics business to accelerate its growth trajectory and TomTom to become a more “focused and agile” company, “shaping the future of driving with highly accurate maps, navigation software and real-time traffic information and services”.


“After a thorough review of strategic options, we have determined that the sale of Telematics to Bridgestone is in the best interest of both Telematics and our core location technology business,” commented Harold Goddijn, CEO, TomTom. “We will continue to invest in our innovative map-making system, enabling faster map updates while lowering operational costs, paving the road towards autonomous driving.”


“Our companies’ complementary assets and capabilities will create a fleet solutions powerhouse, and further strengthen Bridgestone’s digital technology arm,” said Bridgestone’s European head Paolo Ferrari.  “We are now well-positioned in EMEA to enhance our core tyre business, accelerate our data-driven business, expand our fleet customer base and seize fast-growing, profitable opportunities in the automotive mobility industry. We recognise and respect the talent and skills of the TomTom Telematics’ management team and its 670 employees. It’s our intention to foster and grow the business and support its current plans.”


 


Highways InProfile

latest magazine issue
Highways jobs

Highway Maintenance Bridge Engineer

Band G, SCP 32 -37 (£41,511 - £46,731 per annum)
We have an exciting opportunity available within the Highways Service at Sandwell Council House based in Oldbury. Sandwell, West Midlands
Recruiter: Sandwell Metropolitan Borough Council

Civil Enforcement Officer - WMF3013e

£27,711 -£28,624
Are you seeking an active and challenging role, part of a friendly and welcoming team? Cumbria / Various
Recruiter: Westmorland and Furness Council

RCHW Site Operative - Dovercourt Recycling Centre

Up to £25081.00 per annum
RCHW Site Operative - Dovercourt Recycling CentreFixed Term, Full Time£25,081 per annumLocation
Recruiter: Essex County Council

Highways Maintenance Manager

£49,764 - £53,817 per annum
We are looking for an experienced co-ordinator to join the team as a Highways Maintenance Manager Skipton, North Yorkshire
Recruiter: North Yorkshire Council

Civil Enforcement Officer

£25,183 - £26,409
Are you looking for a role that allows you to earn whilst been outdoors across the district of North Yorkshire? Whitby, North Yorkshire
Recruiter: North Yorkshire Council

Civil Enforcement Officer

£25,183 - £26,409
Are you looking for a role that allows you to earn whilst been outdoors across the district of North Yorkshire? Northallerton, North Yorkshire
Recruiter: North Yorkshire Council

Senior Street Cleansing Technician (CDC)

Grade 6, £25,175 - £25,983 (Pay award pending) + 6% AIA
We are about to embark on an ambitious programme of change in our city centre Doncaster, South Yorkshire
Recruiter: City Of Doncaster Council

Highways Improvement Manager

£49,764 - £53,817 per annum
Would you like to be part of our friendly, supportive, Highways team? Scarborough, North Yorkshire
Recruiter: North Yorkshire Council

Highways Delivery Manager

£69,123 - £72,783
This is an exciting role leading maintenance and construction delivery. Northumberland
Recruiter: Northumberland County Council

UGO Bus Driver

Up to £25081.00 per annum
UGO Bus DriverPermanent, Part TimeUp to £25,081 per annum (full time equivalent)Location
Recruiter: Essex County Council

Highways Officer

£33,366 - £37,035 per annum
We are seeking to recruit a Highways Officer based at our Highways Office in Whitby. Whitby, North Yorkshire
Recruiter: North Yorkshire Council

Project Engineer - Forward Programmes

Grade 11 £38,629 - £41,928 per annum (Pay Award Pending)
At Derbyshire, we have been on a journey to transform the way we deliver highway services Derbyshire
Recruiter: Derbyshire County Council

Head of Highways Operations

Salary
Somerset Council
Recruiter: Somerset Council

Head of Highways and Transportation

£86,196
North Tyneside Council is committed to delivering outstanding services to people and places across the borough. North Tyneside, Tyne and Wear
Recruiter: North Tyneside Metropolitan Borough Council

Works Technician

£37,399 (plus unsocial hours allowance)
The Works Technician is responsible for ensuring that the London Trams civils and off-track infrastructure Croydon (City/Town), London (Greater)
Recruiter: Transport for London

Highway Network Technician - WMF2090e

£27,711 - £28,624
We are looking to recruit a friendly and motivated candidate to join our Highways Maintenance Team as Highways Network Technician. Kendal, Cumbria
Recruiter: Westmorland and Furness Council

Transportation Planning Officer

Band F, SCP 26-31 (£36,124 - £40,476 per annum)
Have you got a degree in Civil Engineering, Transportation Planning, Geography or Town Planning? Sandwell, West Midlands
Recruiter: Sandwell Metropolitan Borough Council

REL Skip Driver

£27,711.00 - £30,559.00, Grade 6, 37 hours, Permanent
An opportunity exists in the Council’s Street Scene Services for an REL Skip Driver working from our depot at Castleford. Wakefield, West Yorkshire
Recruiter: Wakefield Council

Mechanical and Electrical Engineer

£37,035- £41,511
We have an exciting opening to join our Property Team as a Mechanical & Electrical Engineer. Harrogate, North Yorkshire
Recruiter: North Yorkshire Council

Project Chargehand (4 Posts)

Grade 9 £31,344 - £33,253 per annum (Pending Pay Award)
We are looking for Project chargehands to lead teams working on highway maintenance and construction projects. Derbyshire
Recruiter: Derbyshire County Council
SUBSCRIBE NOW

Latest Video

Subscribe to Highways today to ensure you keep your finger on the pulse of everything happening in the UK road network throughout the year.

SUBSCRIBE NOW