TomTom

TomTom N.V.

Logo since 2022
Head office in Amsterdam
Traded as	Euronext: TOM2
Industry	Consumer electronics, navigation technology
Founded	1991; 35 years ago (1991)
Founder	Harold Goddijn Corinne Vigreux Peter-Frans Pauwels Pieter Geelen
Headquarters	De 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)
Products	devices, digital map, software and services
Revenue	€ 701 million (2019)
Operating income	€ 56 million (2018)
Net income	€ 45 million (2018)
Total assets	€ 1.5 billion (2018)
Total equity	€ 774 million (2018)
Number of employees	4,500 (end of 2019)
Website	www.tomtom.com
Footnotes / references

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.

History

TomTom was founded in 1991.^[source?]

In September 2005, TomTom bought Datafactory AG.

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

In 2008, the company owned Tele Atlas.

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

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

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

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

Structure

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

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.

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

Products and services

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.

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.

References