Bridgestone to buy TomTom for A$1.45bn

Bridgestone Corporation (Bridgestone) has announced that its subsidiary Bridgestone Europe NV/SA will acquire TomTom Telematics, the digital fleet products business, for a cash consideration of €910 million (AUD 1.45 billion). The transaction is anticipated to be completed latest in the 2nd quarter of 2019, subject to the satisfaction of customary closing conditions such as regulatory approvals.
TomTom is the number one provider of digital fleet products in Europe, a marketplace with very diverse in legal, commercial and cultural requirements. Its digital fleet 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 product range offers a platform for connected vehicles enabling safer driving, improving productivity and optimising uptime for personal and commercial mobility. Combining this digital fleet business with Bridgestone’s tyre 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 tyre products and services.
In addition to reinforcing Bridgestone’s broad and leading portfolio, this strategic investment will also strengthen its position as an innovative leader in the field of tyre design, 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.
With this acquisition, Bridgestone adds core components to its Tyre and Diversified Products as a Solution (Bridgestone T&DPaaS) strategy.
 

Sydney Traffic Congestion Costs Drivers Over 150 Hours per Year

TomTom released the results of the TomTom Traffic Index 2016, the annual report detailing the cities around the world with the most traffic congestion.
The report has revealed that Sydney’s overall traffic congestion increased by 1 per cent on the previous year, despite falling nine places to rank 30th in the global traffic congestion ranking.
This surge in Sydney’s traffic can be attributed to an increase in the afternoon peak period, with congestion for the evening rising from 64 per cent to 65 per cent over the last year.
Sydneysiders are still facing the worst traffic across the major Australian cities. Sydney drivers spend an extra 39 minutes’ in the car during the morning and afternoon peak, compared with just 31 minutes in Melbourne and 26 minutes in Brisbane.
Taco van der Leij, VP Marketing at TomTom Telematics, said: “Businesses with employees on the road in congested cities could clearly benefit from smart methods to cope with the effect of traffic. Customers using our WEBFLEET fleet management solution are already taking a first step towards this with access to a wide range of tools to help make better decisions for their fleets. Through more intelligent routing and job scheduling, telematics can optimise traffic flow, meaning vehicles spend less time on the road, and by being able to tap into TomTom’s world class Traffic Services they are able to further reduce travel times.”
Business owners can find out more about the TomTom Traffic Index, and discover where their home city ranks at www.tomtom.com/trafficindex. There’s also helpful advice on beating traffic congestion, as well as independent analysis. And, for the first time, a selection of ‘Profile Cities’ provide insight into what they are doing to improve mobility.
Road authorities and local governments can use TomTom’s traffic data to better manage traffic flow during the rush hour. We can help businesses plan smarter working hours to help their employees avoid travelling during rush hour. And we give drivers the real-time traffic information and smart routing they need to avoid congested roads and get to where they want to be, faster.
Put simply, the Congestion Level percentage is the extra travel time a driver will experience when compared to an uncongested situation. To illustrate, an overall congestion level of 36% means that an average trip made takes 36% longer than it would under uncongested conditions.

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