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Bridgestone Europe to buy TomTom Telematics

Tyre giant aims to gain significant product and vehicle operating insights

 

Bridgestone is to buy TomTom Telematics, the Japanese tyre behemoth has revealed.

The €910 million (A$1.45 billion) purchase is to be sealed by Bridgestone Europe before mid-year.

“TomTom is the number one provider of digital fleet solutions in Europe, a marketplace with very diverse in legal, commercial and cultural requirements,” Bridgestone says.

“Its digital fleet solutions business has successfully demonstrated its ability to operate in complex and demanding market environments and has continued to strengthen its potential to expand globally.

“TomTom’s digital fleet solution offers an industry leading data platform for connected vehicles enabling safer driving, improving productivity and optimising uptime for personal and commercial mobility.

“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.”


Read about recent Bridgestone technological advances, here


The Japanese firm sees the buy as helping bolster its tyre design effort and tyre predictive maintenance service.

“Bridgestone will gain unprecedented insights into vehicle and tyre operating conditions and be able to leverage a growing installed user base of 860,000 vehicles communicating 200 million data points per day,” it adds.

“With this acquisition, Bridgestone adds core components to its ‘tyre and diversified products as a solution’ [Bridgestone T&DPaaS] strategy defining the company’s evolving business domain and continuous commitment towards value creation for its customers and the society.”

 

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