Category: Official Press Release

Bridgestone to Acquire TomTom´s Digital Fleet Solutions Business

News – 2019

Bridgestone to Acquire TomTom´s Digital Fleet Solutions Business

2019/01/22

Tokyo, January 22, 2019 – Bridgestone Corporation (Bridgestone) announced that its subsidiary Bridgestone Europe NV/SA, has entered into an agreement with TomTom to acquire TomTom Telematics, its digital fleet solutions business, for a cash consideration of €910 million (JP¥114 billion). The transaction is anticipated to be completed latest in the 2nd quarter of 2019, subject to the satisfaction of customary closing conditions such as regulatory approvals.

TomTom is the number one provider of digital fleet solutions in Europe, a marketplace with very diverse in legal, commercial and cultural requirements. Its digital fleet solutions business has successfully demonstrated its ability to operate in complex and demanding market environments and has continued to strengthen its potential to expand globally.

TomTom's digital fleet solution offers an industry leading data platform for connected vehicles enabling safer driving, improving productivity and optimizing uptime for personal and commercial mobility. Combining this digital fleet solution with Bridgestone's tire expertise and global service network creates an opportunity that accelerates the company's effort to become a key partner in the Mobility as a Service (MaaS) landscape with leading tire products, services and solutions offerings.

In addition to reinforcing Bridgestone's broad and leading portfolio, this strategic investment will also strengthen its position as an innovative leader in the field of tire design, and tire predictive maintenance service. Bridgestone will gain unprecedented insights into vehicle and tire operating conditions and be able to leverage a growing installed user base of 860,000 vehicles communicating 200 million data points per day.

With this acquisition, Bridgestone adds core components to its Tire and Diversified Products as a Solution (Bridgestone T&DPaaS) strategy defining the company's evolving business domain and continuous commitment towards value creation for its customers and the society.

About Bridgestone Corporation:
Bridgestone Corporation, headquartered in Tokyo, is the world’s largest tire and rubber company. In addition to tires for use in a wide variety of applications, it also manufactures a broad range of diversified products, which include industrial rubber and chemical products and sporting goods. Its products are sold in over 150 nations and territories around the world.

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 its vision of a safer world, free of congestion and emissions, it creates innovative technologies that keep the world moving. By combining its extensive experience with leading business and technology partners, it powers connected vehicles, smart mobility and, ultimately, autonomous driving. Headquartered in Amsterdam with offices in 37 countries, TomTom’s technologies are trusted by hundreds of millions of people worldwide.

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Above the clouds: The new BMW 7 Series – ready for a luxury experience at the highest level.

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Press release / January 7, 2019 LeddarTech Signs Nagase & Co. Ltd as Its Exclusive Distributor for Japan   LeddarTech selects Nagase as distributor of its mobility LiDAR products in Japan. A first collaborative event will take place at CAR-ELE-JAPAN in Tokyo on January 16-18, 2019, where they will showcase LeddarTech’s technology to the automotive industry. 

Leddartech/Press release/LeddarTech Signs Nagase & Co. Ltd as Its Exclusive Distributor for Japan

LeddarTech Signs Nagase & Co. Ltd as Its Exclusive Distributor for Japan
LeddarTech selects Nagase & Co. Ltd. as distributor of its mobility LiDAR products in Japan, effective now. A first collaborative event will take place at CAR-ELE-JAPAN in Tokyo on January 16-18, 2019, where they will showcase LeddarTech’s solid-state LiDAR technology to the automotive industry.

QUEBEC CITY, January 7, 2019 — LeddarTech, an industry leader providing the most versatile and scalable auto and mobility LiDAR platform, today announced that it has selected Nagase & Co. Ltd. as the distributor of its solid-state LiDAR solutions for ADAS and autonomous vehicles in Japan.

“We are honored to represent LeddarTech’s visionary LiDAR technology in Japan,” stated Koichi Kawahito, Division Manager of the Automotive Electronics division at Nagase. He added: “LeddarTech’s LiDAR mobility platform brings to Tier-1 suppliers a differentiated, compelling automotive LiDAR offering that is in line with Nagase’s mission to expand its automotive business to distributing components and systems as well as offering software and design services for advanced driving assistance systems (ADAS), electrical vehicle and human-machine interfaces.”

A memorandum of understanding between the two parties was signed at the beginning of December. Nagase will be responsible for the promotion and sales in Japan of LeddarTech’s LCA2 LeddarEngine and LCA3 LeddarEngine, which are highly integrated solid-state LiDAR cores that are comprised of a LeddarCore system on chip (SoCs) and coupled with the LeddarSP signal processing software. In addition, Nagase will provide high-quality, first-line product support to local customers.

“LeddarTech is truly committed to providing the best technology and support to our worldwide customers. We are proud to be associated with such a reputable distributor as Nagase & Co., Ltd.,” stated Adrian Pierce, Vice-President of Global Sales and Business Development at LeddarTech.

Charles Boulanger, LeddarTech’s CEO, added: “We intend to bring great value to our mobility customers in Japan with our distinctive business model that is based on a comprehensive LiDAR development platform. This platform provides Tier-1 suppliers with the ability to design and mass produce customized automotive-grade, high-performance, and cost-efficient LiDAR solutions for the most demanding automotive use cases.”

Presence at CAR-ELE-JAPAN – January 2019

LeddarTech’s and Nagase’s close collaboration will be showcased at CAR-ELE-JAPAN, from January 16 to 18, 2019 in Tokyo, Japan. Together, at booth number E47-002, they will present and demonstrate 3D Flash solid-state LiDAR solutions based on the LCA2 LeddarEngine.

The CAR-ELE JAPAN show brings together automotive electronics technologies, such as components, materials, software, manufacturing equipment and testing technologies, etc. It attracts automotive OEMs and Tier 1 suppliers and has become a must-attend event for automotive industry professionals.

About Nagase

Nagase & Co., Ltd. is a chemical trading firm, founded in Kyoto, Japan in 1832. The Nagase Group began as a specialized sales agent securing exclusive contracts to sell industry-leading products from around the world in Japan. Over the years, the company has leveraged its technology and information gathering expertise—as well as its global network—to transform its business into a hybrid model offering superior manufacturing, processing and R&D functions as well as trading company services. The Automotive Solutions department has been providing high functional material and parts into the automotive industry for a long time and is now focusing on delivering state-of-the-art technologies into the market to realize a safer and more comfortable mobility society.

More information is accessible at www.nagase.co.jp/english

About LeddarTech

LeddarTech is an industry leader providing the most versatile, scalable auto and mobility LiDAR platform based on the unique LeddarEngine, which consists of a suite of automotive-grade, functional safety certified SoCs working in tandem with LeddarSP signal processing software. The company is responsible for several innovations in cutting-edge mobility remote-sensing applications, its patented technologies enhancing ADAS and autonomous driving capabilities for automobiles, trucks, buses, delivery vehicles, robotaxis, shuttles, and more. Additional information about LeddarTech is accessible at www.leddartech.com, and on LinkedIn, Twitter, Facebook and YouTube.

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PJSC AVTOVAZ announces the signature of a Special Investment contract

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21.01.19
PJSC AVTOVAZ announces the signature of a Special Investment contract

PJSC AVTOVAZ today announced the signature of a Special Investment contract (SPIC) with the Russian Ministry of Industry and Trade of the Russian Federation, to support the development of Alliance brands in Russia – LADA, Nissan, Datsun, Renault and Mitsubishi and modernize facilities for their production.
Within the scope of the agreement, PJSC AVTOVAZ serves as the main investor within the group of Alliance partners that involves LLC LADA Izhevsk (part of AVTOVAZ Group), CJSC Renault Russia, LLC Nissan Motor Manufacturing Russia, and LLC Mitsubishi Motors Rus. This contract also involves the Government of Samara Region, the Government of the Udmurt Republic, the Government of Moscow, the Government of Saint Petersburg and the Government of Kaluga Region.
During the 10-year contract PJSC AVTOVAZ will invest more than 70 B-RUB, create 2,300 jobs, and together with its Alliance partners, expand localization of materials, parts and components, introduce new technologies, develop R&D activities in Russia and increase export volumes.
The President of PJSC AVTOVAZ Yves Caracatzanis said that the SPIC will greatly help the Company in the implementation of its ambitious mid-term plan. “In coming years AVTOVAZ Group is going to completely renew its LADA product range. In this situation, SPIC is providing the long-term visibility which is critical for our activities and it will also contribute to the development of the whole Russian auto components industry,” – stressed Mr. Caracatzanis.
Nicolas Maure, Vice-Chairman of the Board of Directors, noted that the Russian market is key to the success of Groupe Renault, including AVTOVAZ. “I’m glad that the Russian Federation government extended to AVTOVAZ and all Alliance partners in Russia the possibility to sign this SPIC which materializes our commitment to develop our activities in Russia”, – stated Mr. Maure.
Sergey Skvortsov, Chairman of the Board of Directors, confirmed that the SPIC has been approved through an extraordinary Board meeting on December 24th. “This SPIC is a great opportunity for AVTOVAZ and its Alliance partners to continue investing in new projects and increase localization and exports which are critical for the future of the automotive industry in the country”, – stated Mr. Skvortsov.
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Tech Mahindra to Fuel Digital Growth in Bangladesh

Tech Mahindra to Fuel Digital Growth in Bangladesh

Company plans to scale up operations in the country to deliver next generation technology solutions and service offerings across sectors

Dhaka, New Delhi – January 21, 2019: Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services, which already has a considerable presence in the Bangladesh IT industry, will fuel digital growth in Bangladesh across government and private sectors. Tech Mahindra plans to address the growing business opportunities that have come up with the booming IT market in the country through its innovative next generation technology solutions and service offerings.

Tech Mahindra currently offers a diverse range of professional services to clients in the Telecom and BFSI (Banking, Financial Services and Insurance) space in Bangladesh and is also running large scale operations in the financial inclusion space. As part of its expansion strategy, Tech Mahindra aims to focus on generating new revenue streams through digital transformation projects in both Government as well as private sector across various industries with focus on ICT (Information and Communications Technology) & government business.

Sujit Baksi, President, Corporate Affairs, Tech Mahindra, said, “Driven by strong domestic demand and macroeconomic stability, Bangladesh has emerged as one of the most buoyant economies of the SAARC region. Adding fuel to that fire, is the rapidly growing communication landscape that has thrived with increased Internet connectivity, smart mobility and rise of digital media. We at Tech Mahindra, are bullish on the strong growth potential of this market and hope to leverage our digital expertise in pushing forward the “Digital Bangladesh mandate.”

“Creating jobs, boosting investments, diversifying exports and building human capital will be the key focus areas for the Bangladesh economy to sustain itself in the coming years. We look forward to collaborate with the country in its pursuit of a 'Developed Bangladesh' agenda and we hope to forge formidable partnerships with local businesses in the region to nurture and utilize local talent pool to make the most of this opportunity,” he further added.

With a sustained GDP (Gross Domestic Product) growth rate of more than 7%, rising per capita income and improved social indicators, Bangladesh has become one of Asia's most remarkable success stories in recent years. With over 9% increase in GDP growth rate forecasted in the next five years, Bangladesh's dynamic and growing economy, booming IT market and strategic location next to India, China and the ASEAN markets, provides the perfect opportunity for Tech Mahindra to expand its operations in the country, as well as generate revenues from the SAARC region.

As part of the TechMNxt charter, Tech Mahindra aims to leverage its global expertise in the use of cutting-edge digital technologies such as Blockchain, 5G – Telecom of the Future, Artificial Intelligence, Automation, Robotics, and Internet of Things to develop solutions that cater to the rapid evolving needs of the consumers in Bangladesh.

Tech Mahindra already has a sizable presence in Bangladesh along with its subsidiary, Mahindra Comviva, which has an extensive portfolio spanning mobile finance, content, infotainment, messaging and mobile data solutions. As part of the USD 21 billion Mahindra Group – a major player in the Bangladesh market across various sectors since the past 20 years – Tech Mahindra aims to leverage the footprints of its parent organization to scale up its operations in the country.

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™. We are a USD 4.9 billion company with 118,390+ professionals across 90 countries, helping over 930 global customers including Fortune 500 companies. Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).

We are part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology and vacation ownership.

Connect with us on www.techmahindra.com || Our Social Media Channels
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For more information on Tech Mahindra, please contact:

Tuhina Pandey,
Global Corporate Communications
Agency contact if any
Email: media.relations@techmahindra.com;
Tuhina.Pandey@TechMahindra.com