Wednesday, 7 December 2011

TomTom buys out its JV partner in Thailand




TomTom today announced to have increased its stake in its Thailand joint venture from 80% to 100%. This buy-out gives TomTom full control of its map operations in this emerging market. The joint venture will be renamed TomTom (Thailand) Co. Ltd.

This is the third occasion after India and Indonesia where in TomTom has purchased out its JV partner thereby showing its strong focus and commitment towards the emerging markets. 

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