TomTom NV to acquire Datafactory AG

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Algemeen advies 24/08/2005 09:01
TomTom NV (‘TomTom’) announces that it has reached an agreement to acquire Datafactory AG based in Leipzig, Germany. Closing of the transaction is expected before the end of September 2005. Datafactory provides web based system solutions for vehicle and personal location, fleet management and traffic telematics.

"We see convergence starting to take place between navigation, and tracking and tracing and messaging solutions. Datafactory’s robust and scalable Webfleet platform provides us with the technology, which together with TomTom’s powerful navigation products and services, enables us to prepare for entry into the Telematics market " said TomTom’s CEO, Harold Goddijn. Datafactory employs around 30 people and realized a turnover of approximately EUR 5 million in 2004 and a small net profit. The inclusion of Datafactory’s results for the remainder of the year is not expected to have a significant impact on TomTom’s 2005 results. Amsterdam, August 24 – 2005.

About Datafactory
Datafactory has more than 30 programmers, engineers and industrial managers based in Leipzig developing innovative solutions for the transport, logistic, traffic, service and trade sectors. Products created by Datafactory can be effectively implemented in almost all sectors of industry, trade and personal life. Integrated IT and business systems in conjunction with specific organizational logistics provide optimal fleet management integration and are in demand worldwide. Datafactory has many years of experience together with a wide range of products and solutions for vehicle location and tracking, mobile data communications and fleet management.

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