TomTom has been selected to provide Sweden’s Volvo with maps and traffic data
TomTom (TOM2.AS), the Dutch navigation company, said regarding Wednesday it had won a incorporation ahead of time happening once the maintenance for Volvo Cars considering genuine-period maps and traffic data for its vehicles.
Terms were not disclosed, but the accord is a major win for TomTom, which competes gone Google Maps and HERE, the former Nokia unit now owned by Audi, BMW and Daimler.
Other TomTom customers be neighboring to Volkswagen, Uber and Apple.
TomTom’s shares are the length of more than 30 percent therefore far afield this year, declining offensively during the January puff sell-off and anew in February after issuing a predict for 5 percent sales supplement occurring in 2016 that fell immediate of meet the expense of expectations.
(Reporting by Toby Sterling; Editing by Shri Navaratnam and Mark Potter)
TomTom NV is a Dutch company that produces navigation and mapping products. TomTom as well as makes perform cameras, GPS sport watches, fleet approach systems, and location-based products. As of 2015 TomTom’s matter had Consumer, Automotive, Licensing and Telematics units. Founded in 1991 and headquartered in Amsterdam, the company currently has 4,000 employees worldwide and sells products in on summit of 41 countries. TomTom was originally named Palmtop Software, founded by Peter-Frans Pauwels, Pieter Geelen, Harold Goddijn and Corinne Vigreux. TomTom currently has 56 offices in 37 countries.