TechTaffy

tech:

taffy

TomTom Buys-out JV Partner In India

845 views

TomTom has increased its stake in its Indian joint venture from 90 per cent to 100 per cent. TomTom has renamed the former joint venture Tele Atlas Kalyani India  to TomTom India. Financial details of the deal was not disclosed.

TomTom is committed to drive its Indian business and reap the full potential of this growth market, said the company. India has a population of 1.2 billion, and there are some 22 million cars on the road. New car sales are forecast to grow to 4 million by 2015.

 

Jocelyn Vigreux (Managing director, TomTom India): India has a large untapped car navigation market. By owning TomTom India Ltd 100% we have full flexibility to execute our growth strategy.

 


 

 

 

Also see:

TransUnion to acquire Neustar for $3.1B

TransUnion has signed a definitive agreement to acquire Neustar from a private investment group led by Golden Gate Capital and with minority participation by GIC.
Uncategorized

Huvr raises $5M

Huvr, a cloud-based industrial asset management solution company, has raised $5 million.

American Express acquires fintech company Kabbage

American Express has entered into an agreement to acquire Kabbage, a financial technology company that provides cash flow management solutions to small businesses.

AP to equip visual journalists globally with Sony imaging products

Sony and The Associated Press (AP) have inked a collaboration that will make Sony the exclusive imaging products and support provider for AP news photographers and video journalists globally.

Equifax acquires Ansonia

Equifax has acquired Ansonia, a provider of business credit, collections, and account receivable data used by financial institutions, creditors, and businesses focused on the transportation and logistics industries.