Navigation technology company TomTom has signed a distribution agreement for the North American market with LoJack, a stolen-vehicle recovery specialist.
Under the terms of the arrangement, TomTom’s (Amsterdam, Netherlands) range of fleet-management solutions will be marketed, sold and supported through LoJack’s (Canton, USA) North American dealership network.
“This strategic alliance enables both companies to strengthen their position as best-in-class providers of automotive technology,” said Thomas Schmidt, the managing director of TomTom Business Solutions Managing Director. “LoJack’s far-reaching market presence will introduce TomTom’s fleet-management technology to new business markets in North America and enable existing LoJack customers to benefit from a full fleet-management solution.”
TomTom’s offering includes a SaaS fleet-management platform as well as smart navigation and tools for optimizing fuel consumption and workflow management, and claims to serve more than 19,000 companies worldwide.
“Significant market opportunities exist with the connected car,” said Randy L. Ortiz, the president and chief executive of LoJack Corporation. “Working with TomTom will enable us to have a unique and important position in this market by leveraging our complementary capabilities.
Together we can develop products and services for new and existing markets, delivering increased value for customers and partners.”