Bridgestone completed the acquisition of Telematics from TomTom for $1bn.

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.