TomTom to sell Telematics unit to Bridgestone for $1.03 billion

Reuters

Published Jan 22, 2019 06:55

TomTom to sell Telematics unit to Bridgestone for $1.03 billion

AMSTERDAM (Reuters) - TomTom (AS:TOM2), the Dutch navigation and digital maps company, said on Tuesday it has agreed to sell its Telematics, or the fleet data business, to Bridgestone (T:5108) for 910 million euros (£802.5 million or $1.03 billion).