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  1. #1
    Master G-ulash's Avatar
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    Default TomTom for sale?

    Not sure if this is the place to post this, "GPS news" or GPS free talk" are possibly better places. Or not, as the most important word in this post is "rumor", not "news".

    That said, rumors are very strong that TomTom is trying to sell the company.
    Decreasing sales of gps devices could be the reason for this, decreasing profits year after year are facts.

    Asian market seems to be most interested in TomTom as they are lacking mapmakers. On the other hand, TomTom map division could be very important for the self-driving-car developers and therefor very much worth the money (1.7 billion Euro). AFAIK, this is not a Asian thing, so European or American buyers might be interested as well.

    And the latter may be supported by politics as some countries (esp. USA) are strongly opposed to selling to e.g. Chinese firms as with the TT map division, national security could be vulnerable when "enemy states" get hold on it.

    To be continued.

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  3. #2
    Master G-ulash's Avatar
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    In a reaction to the above news/rumor (published on several news sites), on THursday TomTom denied hiring a consultant to look for possible buyers.
    In that same reaction, TomTom did not deny that it looks at the strategic options, whatever that means.
    Rumor is they are looking for (at?) an Asian shareholder to take over all or part of the company.

  4. #3
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    Not surprising with more vehicles coming with built in gps and lifetime updates

  5. #4
    Master G-ulash's Avatar
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    As expected, TomTom has in the first 3 months of this year had a sales drop, 10% over all, about 25% weakening sales from its consumer products only.
    On the positive side, services provided to the auto industry are clearly expanding.
    No news about the future.

 

 

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