The thinking behind Bridgestone’s TomTom Telematics acquisition

29th January 2019 | 0 Comments
 
The thinking behind Bridgestone’s TomTom Telematics acquisition
Bridgestone bought TomTom Telematics for 910 million euros

Bridgestone’s successful acquisition of TomTom Telematics follows earlier reports that both Michelin and Bridgestone were vying to buy the Telematics business unit from Netherlands-based company TomTom. In addition, according to Dutch financial daily Het Financieele Dagblad, Michelin was one of four in the running. For its part, Michelin was allegedly aiming to add the business into its Michelin Solutions portfolio. Clearly, in order to maintain its original plans and to compete with Bridgestone, Michelin will now have to find an alternative way of moving forward.

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