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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  TomTom NV    TOM2   NL0013332471

TOMTOM NV

(TOM2)
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Targa Telematics Awards TomTom Multiyear Contract

11/12/2020 | 01:30am EST

AMSTERDAM, The Netherlands, Nov. 12, 2020 (GLOBE NEWSWIRE) -- TomTom (TOM2), the location technology specialist, and Targa Telematics, an IT company boasting 20-years of experience in connected vehicles, today announced a new multiyear agreement. TomTom’s Maps APIs will be used by Targa Telematics to enhance the vehicle management and smart mobility solutions offered to its customers.

TomTom’s Search API, which companies rely on to understand where their fleets are located, will be integrated in Targa Telematics’ wide and advanced telematics, telemetry and smart mobility solution portfolio. TomTom’s Routing API will enable Targa Telematics customers to perform trip analyses and find the best routes.

“Leading players in fleet management and smart mobility services, such as Targa Telematics, greatly benefit from TomTom’s range of Maps APIs and dependable customer support,” said Anders Truelsen, Managing Director, TomTom Enterprise. “We are proud that TomTom is rapidly becoming the location technology supplier of choice for the fleet industry.”

“Targa Telematics has always been at the forefront in supporting businesses to meet the consistently growing need of a more sustainable and secure approach to mobility. Given this evolving scenario, we want to continue on this path,” commented Giorgia Paladin, Head of Procurement at Targa Telematics. “Through this deal with TomTom, our customers will continue benefiting from innovative solutions with outstanding coverage across Europe.”

Targa Telematics has been a pioneer of smart mobility since its foundation. Thanks to its innovative technology, Targa Telematics helps its customers to embrace connectivity, the switch to electric vehicles, and supports the sustainable development of cities. By leveraging its vast knowledge and Internet of Things platform, Targa Telematics continues to develop solutions that meet its clients’ evolving needs.

About TomTom:

TomTom is the leading independent location technology specialist, shaping mobility with highly accurate maps, navigation software, real-time traffic information and services.

To achieve our vision of a safer world, free of congestion and emissions, we create innovative technologies that keep the world moving. By combining our extensive experience with leading business and technology partners, we power connected vehicles, smart mobility and, ultimately, autonomous driving.

Headquartered in Amsterdam with offices in 30 countries, TomTom’s technologies are trusted by hundreds of millions of people worldwide.

www.tomtom.com

For further Information:

Media:
tomtom.pr@tomtom.com

Investor Relations:
ir@tomtom.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d659126-fb2b-43c0-8540-e74493bd09d0

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Targa Telematics Awards TomTom Multiyear Contract

Targa Telematics Awards TomTom Multiyear Contract

© GlobeNewswire 2020
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Financials
Sales 2020 533 M 644 M 644 M
Net income 2020 -250 M -302 M -302 M
Net cash 2020 324 M 391 M 391 M
P/E ratio 2020 -4,78x
Yield 2020 -
Capitalization 1 220 M 1 475 M 1 473 M
EV / Sales 2020 1,68x
EV / Sales 2021 1,35x
Nbr of Employees 4 516
Free-Float 48,8%
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Mean consensus BUY
Number of Analysts 6
Average target price 9,50 €
Last Close Price 9,37 €
Spread / Highest target 17,4%
Spread / Average Target 1,39%
Spread / Lowest Target -14,6%
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Managers and Directors
NameTitle
Harold Goddijn Chief Executive Officer
Derk Johan Haank Chairman-Supervisory Board
Taco Titulaer Chief Financial Officer
Charles W. Davies Group Chief Technology Officer
Jacqueline A. Tammenoms Bakker Deputy Chairman-Supervisory Board
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