Atlanta, GA 6/12/12 (StreetBeat) -- In what might be the world’s shortest press release ever written, the GPS and mapping information company TomTom (AEX: TOM2) announced that it has signed a deal with Apple (Nasdaq: AAPL) to license maps and other related data. No terms of the deal were disclosed.
Here is the entire text of the press release:
TomTom has signed a global agreement with Apple for maps and related information. No further details of the agreement will be provided.
At yesterday’s keynote at the 2012 Worldwide Developers Conference, Apple’s new global mapping application took center stage. The new app for iOS6 devices will include nifty features like turn-by-turn directions and crowd-sourced trafic information, as well as routing updated to avoid traffic jams and other hazards, Siri voice integration and information on more than 100 million businesses.
In trading in Amsterdam, TomTom shares this morning have spiked 11.7%.
Apple shares this morning are up $2.02, or 0.4%, to $573.19.