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Business deals

Bridgestone polishes data analytics with $1bn Dutch acquisition

Biggest buy since 2007 lands TomTom Telematics as tire maker readies for IoT era

Bridgestone is looking to boost services amid changes facing the auto industry.   © Reuters

TOKYO -- Bridgestone will purchase a unit of Dutch map services company TomTom for 910 million euros ($1.03 billion), its biggest acquisition in more than a decade, as the Japanese manufacturer seeks to gain insights into tire operating conditions and offer new services.

TomTom Telematics advises clients on safe driving and route selection by collecting data from equipment installed on vehicles, serving about 860,000 autos worldwide. The purchase will expand Bridgestone's reach in vehicle data as the company moves to develop and sell services that help tire customers like freight companies boost efficiency.

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