TomTom and LoJack Form Strategic Alliance
TomTom Business Solutions (OTC: TMOAF) has joined forces with stolen vehicle recovery
specialist LoJack (NASDAQ: LOJN) to expand the North American distribution network for
its market-leading fleet management technology.
LoJack will market, sell and support TomTom's range of fleet management
solutions through its extensive dealership network, helping businesses
become more efficient, cut costs and improve customer service.
“This strategic alliance enables both companies to strengthen their
position as best-in-class providers of automotive technology,” said
Thomas Schmidt, 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