AMSTERDAM, Aug 01, 2013 (BUSINESS WIRE) --
TomTom today announces the acquisition of Coordina (Gestion
Electronica Logistica, S.L.), the Spanish market leader in Fleet
Management Solutions, based in Barcelona.
TomTom Business Solutions, the European market leader of Fleet
Management Solutions, reinforces its position as Europe's fastest
growing provider of fleet management services, delivered as a web based
"Software as a Service" (SaaS).
Thomas Schmidt, TomTom Business Solutions' Managing Director: "The
acquisition of Coordina will enable us to deliver our highly innovative
and easy-to-use products in combination with our award winning TomTom
WEBFLEET services to more Spanish fleets faster. It gives us also access
to a first class team with a similar culture, a broad and strong local
sales network and a well-established local service hub. The large,
currently underpenetrated Spanish market, is expected to grow strongly
during the next years."
By adding 27,000 subscriptions from Coordina, TomTom Business Solutions
will reach an active installed base of more than 300,000 vehicles which
services 25,000 customers, the largest customer base in the industry.
No further financial details of the acquisition are disclosed.
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