TomTom Acquires Spanish Fleet Tracking Biz; Adds 27,000 Subscribers

TomTom Acquires Spanish Fleet Tracking Biz; Adds 27,000 Subscribers
GPS maker TomTom today announced the acquisition of Coordina, the Spanish market leader in Fleet Management Solutions, based in Barcelona.

The financials of the acquistion have not been detailed by Tomtom at this stage.

Informations from Coordina indicate that the turnover of the company in 2011 was over €5.5 million (€6 million estimate…