Announced
Completed
Financials
Tags
Acquisition
Friendly
Netherlands
fleet management
software-as-a-service
Software
Private
Majority
Completed
Disposal
Auction
Cross Border
Synopsis
Bridgestone Europe, a subsidiary of Bridgestone in EMEA, completed the acquisition of TomTom's telematics business, for $1bn. “Our complementary assets and capabilities will create a fleet solutions powerhouse and will further strengthen Bridgestone’s digital technology arm. Beyond scale, there would be considerable benefits by complementing our offerings, allowing us, among many other opportunities, to sell tyres and solutions across our customers. We are now well-positioned in EMEA to accelerate our data-driven business, expand our fleet customer base and seize fast-growing, profitable opportunities in the automotive mobility industry,” Paolo Ferrari, Bridgestone Group CEO and President of Bridgestone EMEA, Executive Vice President.
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