TomTom announces selection by Volvo Cars as global provider of maps, navigation and traffic.
M2 EQUITYBITES-June 9, 2016-TomTom announces selection by Volvo Cars as global provider of maps, navigation and traffic
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TomTom N.V (AEX:TOM2.AS) announced on Wednesday its selection by Volvo Cars as the provider of location and navigation content and services for Volvo's new infotainment platform.
Under this deal, financial details of which were not available, from 2019 Volvo Cars' customers across major regions in the globe and across all carlines on the SPA and CMA platforms, will be able to enjoy an exceptional navigation experience powered by TomTom's complete suite of components, both embedded and cloud based.
These regions include Europe, North America, China, Japan, Korea, Latin America and Africa.
Reportedly, this agreement marks the first-time collaboration between TomTom and Volvo Cars. Among the key features and services of the TomTom solution for Volvo Cars are automotive-grade digital NDS Maps, delivering incremental real-time map updates; world-class TomTom navigation software NavKit; and TomTom Traffic and travel-related services.
TomTom is a provider of navigation devices, sport watches and action cameras for consumers. It operates in the four customer facing business units of Consumer, Telematics, Automotive and Licensing.
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