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TomTom Teams Up With Apple’s iPhone, Shares Soar

AMSTERDAM (Dow Jones)—Navigation products maker TomTom NV (TOM2.AE) Tuesday said it will team up with Apple Inc. (AAPL) to provide its bestselling iPhone with navigation equipment, sending its shares up to 17%.

Netherlands-based TomTom said it will provide Apple’s iPhone with navigation software, which can be downloaded from Apple’s online retail outlet, the iTunes App Store. TomTom will also deliver a customized car kit, in which the iPhone can be charged during driving and which is provided with speakers.

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