Deliver Your News to the World

Strategic Review of Telematics Business


Amsterdam, the Netherlands – WEBWIRE

TomTom (TOM2) announced that, after several expressions of interest and following a diligent review during the summer, it has decided to explore strategic alternatives for its Telematics business unit, which may result in a sale of the division. Barclays supports the company in this evaluation.

TomTom continues to focus on shaping the future of driving with accurate maps, navigation software and real-time traffic information and services. This includes its innovative map-making system, enabling faster map update cycle times and higher efficiency. TomTom is also leading in providing 3D lane-level high definition (HD) maps for automated driving systems, from driver assistance to autonomous driving.

This document contains inside information as meant in clause 7 of the Market Abuse Regulation. This public announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities.


( Press Release Image: https://photos.webwire.com/prmedia/7/229348/229348-1.png )


WebWireID229348





This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.