By Adam Clark

 

TomTom NV (TOM2.AE) said Wednesday that it has won a contract to supply Daimler AG's (DAI.XE) truck business with navigation data technology.

The Dutch navigation-technology company didn't disclose any financial details of the deal, under which its vehicle-integrated Bridge Hub platform will provide navigational data to Daimler Trucks drivers.

Shares in TomTom fell over 20% Tuesday on the news that Alphabet Inc. (GOOG) has partnered with the Renault-Nissan-Mitsubishi Alliance to provide Google Android operating systems on vehicle dashboards starting in 2021.

TomTom shares were last down 5.5% at EUR6.07.

 

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

 

(END) Dow Jones Newswires

September 19, 2018 09:51 ET (13:51 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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