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Home  /  Forum  /  TomTom  /  TomTom NV acquires Applied Generics Ltd.

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TomTom NV acquires Applied Generics Ltd.

3 Posts
| Omlaag ↓
  1. [verwijderd] 13 januari 2006 14:36
    Euronext Amsterdam) - TomTom NV acquires Applied Generics Ltd.
    (12/01/06 08:30 CET)

    TomTom NV acquires Applied Generics Ltd.

    Amsterdam, 12 January 2006

    TomTom NV ('TomTom') announces that it has reached agreement to acquire Applied Generics Limited ('Applied Generics') based in Edinburgh, Scotland. Applied
    Generics has developed technology that makes it possible to generate real time road traffic information based on the analysis of mobile network usage and
    cell-switching. The technology is commercially deployed and has the potential to deliver high quality traffic information at a fraction of the investment normally required to generate traffic information.

    "We are very pleased that we have acquired Applied Generics. The unique patented and proven technology which the company has developed will deliver high quality real time traffic information, not only for motorways but also for local roads. With the proliferation of car navigation products and the increase of congestion, there is a rapidly growing installed base and customer need for these kinds of services. We are looking forward to working with mobile network operators across Europe and North America to deploy the technology on a wide scale" said TomTom's CEO, Harold Goddijn.

    Dr Joe Dixon, CEO of Applied Generics said "With the large customer base and rapidly growing number of car navigation products as well as the financial and
    distribution strength of the TomTom Group, we are now in a unique position to commercialize our technology much more widely and to deliver unprecedented
    accurate and granular traffic information products that will help people to arrive at their destination in the shortest possible time. Our existing customers and partners will benefit from Applied Generics being part of the TomTom Group.

    Applied Generics employs 18 people and realized a turnover of approximately EUR 1 million in 2005 and a small net loss.

    About TomTom
    TomTom NV is a leading provider of personal navigation products and services to the consumer market. TomTom's products are developed with an emphasis on
    innovation, quality, ease of use and value. TomTom's products include all-in-one navigation devices which enable customers to navigate right out of the box, as
    well as navigation software products which integrate with third party devices such as PDAs and smartphones. TomTom's portfolio of products and services
    includes the award-winning TomTom GO family of integrated navigation devices, the TomTom ONE, the TomTom Navigator software for PDAs, TomTom MOBILE navigation software for smart phones and TomTom Plus, a location-based content and services offering for TomTom's navigation products and Datafactory's Webfleet platform for Tracking and Tracing services. TomTom was founded in 1991 in Amsterdam and has offices in the Netherlands, the United Kingdom, Germany, the United States and Taiwan. TomTom's products are sold through a network of leading retailers in 20 countries and online.

    ---------

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