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TomTom Telematics Acquires Fleetlogic

| December 3, 2014

TomTom Telematics

AMSTERDAM–(BUSINESS WIRE)–TomTom (TOM2) today announced its Telematics business has acquired Fleetlogic, one of the leading fleet management service providers in the Netherlands.

“Adding the experience of Fleetlogic in enterprise fleets and government sales, we now address the full potential of this growing market.”

The acquisition strengthens TomTom Telematics’ position as the market leader in the Netherlands and in Europe.

“The fleet management market in the Netherlands is an important and fast growing market in Europe,” said Thomas Schmidt, Managing Director TomTom Telematics. “Adding the experience of Fleetlogic in enterprise fleets and government sales, we now address the full potential of this growing market.”

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This acquisition includes the companies TripXs and Inalise and adds 27,000 subscriptions to the TomTom Telematics installed base. The total installed base of TomTom Telematics now consists of more than 450,000 vehicles.

No further details of the acquisition are disclosed.

-ENDS-

About TomTom

TomTom (TOM2) empowers movement. Every day millions of people around the world depend on TomTom to make smarter decisions. We design and develop innovative products that make it easy for people to keep moving towards their goals. Best known for being a global leader in navigation and mapping products, TomTom also creates GPS Sport Watches, as well as state-of-the-art fleet management solutions and industry leading location based products.

Our business consists of four customer facing business units: Consumer, Automotive, Licensing and Telematics.

Founded in 1991 and headquartered in Amsterdam, we have 4,000 employees worldwide and sell our products in over 41 countries.

About TomTom Telematics

TomTom Telematics is a Business Unit of TomTom dedicated to fleet management and vehicle telematics. Our WEBFLEET platform is a Software-as-a-Service solution – used by small to large businesses to improve vehicle performance, safe fuel, support drivers and increase overall fleet efficiency.

TomTom Telematics is one of the world’s leading telematics solution providers with now over 450,000 subscriptions worldwide – recognised as the largest in the European market. We service drivers in more than 60 countries, giving them the industry’s strongest local support network and widest range of sector-specific 3rd party applications and integrations. More than 32,000 customers benefit every day from the highest level of security, quality and availability of our ISO 27001 certified service.

For further information, please visit www.tomtom.com/telematics

Follow us on Twitter @TomTomBusiness

Contacts

TomTom Telematics Contact
Patrick Aalbers
Patrick.Aalbers@tomtom.com
+31 20 757 5136
or
Investor Relations
+31 (0)20 757 5194
ir@tomtom.com

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Category: NEWS

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