TomTom Sells Telematics Unit In Ongoing Push With Google Maps
PYMNTS
JANUARY 22, 2019
Telematics is a service that helps companies manage fleets in real time, and lets them know the location of each vehicle along with a look into driver behavior. In 2007, at the company’s peak, it was worth about $65 a share. Leadership at TomTom tout the sale as one that will allow it to continue moving forward toward its goals.
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