TomTom

Dutch manufacturer of automotive navigation systems

TomTom N.V. is a Dutch company that provides devices for car and personal GPS navigation. Its production is famous and actively used in Europe, North America and some Asian countries.[2]

TomTom N.V.
Traded asEuronextTOM2
IndustryConsumer electronics, navigation technology
Founded1991; 30 years ago (1991)
FounderHarold Goddijn
Corinne Vigreux
Peter-Frans Pauwels
Pieter Geelen
HeadquartersDe Ruijterkade, Amsterdam, Netherlands
Key people
Harold Goddijn (CEO), Corinne Vigreux (CMO and co-founder), Taco Titulaer (CFO), Derk Haank (chairman of the supervisory board), Alain De Taeye (management board)
Productsdevices, digital map, software and services
RevenueDecrease 701 million (2019)
Decrease € 56 million (2018)
Decrease € 45 million (2018)
Total assetsDecrease € 1.5 billion (2018)
Total equityIncrease € 774 million (2018)
Number of employees
4,500 (end of 2019)
Websitewww.tomtom.com
Footnotes / references
[1]

HistoryEdit

TomTom was founded in 1991.

In September 2005, TomTom bought Datafactory AG.[3]

In 2006, TomTom Traffic was created after buying Applied Generics.[4]

In 2008, the company owned Tele Atlas.[5]

In 2012, TomTom was the main to provide mapping data for Apple's iOS 6 Maps.[6]

In 2014, the company was a partner with Volkswagen Group during the research on Highly Automated Driving (HAD) systems.[7] TomTom N.V. provided Volkswagen Group, Mercedes, Toyota and other big carmakers with their navigation devices.[8]

In 2015, Uber started using TomTom's maps and traffic data in 300 cities.[9]

In 2020, Huawei replaced Google Maps with TomTom's maps on their smartphones.[10]

StructureEdit

TomTom is oriented on 2 main market segments: location technology and consumer.[11]

Location technology refers to the company's automotive and enterprise businesses. The company provides cars, tech specialists, some companies and government bodies with maps and navigation software.[11]

The consumer segment is related to selling portable, personal satellite navigation devices.[12] Recently TomTom offered software applications with digital maplinked services instead of devices.[13]

Products and servicesEdit

TomTom N.V. offers three types of products: maps, connected services and (navigation) software. The company sells Navigation devices (PNDs) and TomTom GO navigation apps.[14]

A TomTom's traffic monitoring service uses different sources to give traffic information by combining data from:

  • traditional sources: governmental/third-party data such as induction loops in the roads, cameras and traffic surveillance
  • new sources: traffic flow of millions of anonymous mobile phone users.[15]

ReferencesEdit

  1. "TomTom Annual Report and Accounts 2018" (PDF). TomTom NV. 2018. Retrieved 2 August 2018.
  2. ""TomTom Annual Report and Accounts 2018" (PDF). TomTom NV. 2018. Retrieved 2 August 2018".
  3. "TomTom to acquire Datafactory". www.telecompaper.com. Retrieved 2021-04-01.
  4. "TomTom navigates way to a takeover of Applied Generics". www.scotsman.com. Retrieved 2021-04-01.
  5. Staff, Reuters (2009-02-24). "TomTom CEO has no regrets about Tele Atlas buy". Reuters. Retrieved 2021-04-01.
  6. "TomTom to become Apple phone default satnav program". the Guardian. 2012-06-12. Retrieved 2021-04-01.
  7. "TomTom and Volkswagen partner to shape the future of Highly Automated Driving (AMS:TOMTOM)". web.archive.org. 2018-08-07. Retrieved 2021-04-01.
  8. "Subscribe to read | Financial Times". www.ft.com. Retrieved 2021-04-01. Cite uses generic title (help)
  9. Proper, Levien de Feijter and Ellen (2015-11-12). "Uber Strikes Digital Maps Deal With TomTom". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-04-01.
  10. Staff, Reuters (2020-01-17). "TomTom closes deal with Huawei for use of maps and services: spokesman". Reuters. Retrieved 2021-04-01.
  11. 11.0 11.1 "staff (18 March 2019). "Annual report & accounts 2019". TomTom corporate. Retrieved 22 January 2021".
  12. Staff, Reuters (2020-07-15). "UPDATE 1-TomTom posts 41% slump in revenue but sees signs of recovery". Reuters. Retrieved 2021-04-01.
  13. "Bloomberg Technology - Bloomberg". Bloomberg.com. Retrieved 2021-04-01.
  14. "TOMTOM (TOM2.AS) company profile & facts – Yahoo Finance". uk.finance.yahoo.com. Retrieved 2021-04-01.
  15. "TomTom | Maps and Services Shop". Tomtom. 2021-03-22. Retrieved 2021-04-01.