September 27, 2018 / 5:53 AM / 8 months ago

Under pressure from Google, TomTom eyes sale of telematics division

AMSTERDAM, Sept 27 (Reuters) - TomTom, the Dutch navigation company, said on Thursday it is studying the sale of its telematics division, a secondary but profitable business line in fleet management that had 43.9 million euros ($51.4 million) in sales in the second quarter.

The move comes a week after Google announced a far-reaching deal to supply software including Google Maps to TomTom customer Renault.

TomTom has staked its future largely on its success or failure as a supplier of mapping and navigation technology to car makers. ($1 = 0.8545 euros) (Reporting by Toby Sterling; Editing by Sunil Nair)

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