Bridgestone Europe has completed its acquisition of TomTom Telematics for €910m ($1bn) as part of the tyre company's plans to move into fleet-based mobility services. The deal is expected to close in early 2017, with a further €400m (£345m) being paid over three years. Paolo Ferrari, CEO and president of Bridgestone EMEA, said: “The closing of this transaction is a significant milestone on Bridgestone’s transformation journey from tyre producer to mobility solutions leader.” Bridgestone also announced a partnership with Iris Capital as part of its fleet mobility services plan.
Bridgestone Europe has completed its acquisition of TomTom Telematics for €910m ($1bn) as part of the tyre company's plans to move into fleet-based mobility services. The deal is expected to close in early 2017, with a further €400m (£345m) being paid over three years. Bridgestone also announced a partnership with Iris Capital as part of its fleet mobility services plan.