Michelin is to acquire Masternaut – its third acquisition in the fleet telematics industry, following Nextraq in North America and Sascar in South America. The acquisition give Michelin access to Europe’s telematics market.
Masternaut provides solutions for fleet tracking and optimisation, driver behaviour improvement and digital transformation.
Florent Menegaux, managing partner of Michelin, said: “Michelin is consolidating its expertise in telematics, enabling us to optimise customer mobility and respond to the needs of a changing market. Masternaut represents a further step in the expansion of our Services & Solutions business, especially in Europe and for light vehicle fleets.”
