Michelin Is Buying Another Telematics Company

Posted on May 20, 2019

Michelin Group is extending its reach into telematics and fleet management with another acquisition. First it was Sascar in Brazil. Then NexTraq in the U.S. Next up: Masternaut in Europe.

Michelin has signed an agreement to acquire all shares of Masternaut, which it describes as "one of the largest European telematics providers." The company operates primarily in France and the United Kingdom, offering a technical platform and on-board telematics solutions for vehicle fleet management and monitoring.

Masternaut manages more than 220,000 mostly light utility vehicles under contract.

Michelin says the addition fo Masternaut will do three things:

  1. speed up the development of its services and solutions business for light vehicles and support the booming fleet market;
  2. enable Masternaut to roll out its offering across all of Europe by taking advantage of Michelin's geographical network;
  3. increase the volume of data captured, allowing it to offer customers the best solutions, improve product performance and develop its data science deployments, such as predictive maintenance.

Florent Menegaux, Michelin's managing general partner, said: “Michelin is consolidating its expertise in telematics, enabling us to optimize customer mobility and respond to the needs of a changing market. Masternaut represents a further step in the expansion of our services and solutions business, especially in Europe and for light vehicle fleets.”

Related Topics: commercial tires, fleets, Florent Menegaux, mergers and acquisitions, Michelin, telematics

Comments ( 0 )
More Stories
All Jaguar E-Type models sold by Eagle E-Types will sport Vredestein high performance tires.
News Apollo Vredestein Partners with Jaguar E-Type Supplier

Vredestein high performance tires will be fitted on Jaguar E-Type vehicles sold by Eagle E-Types, a company that sells original and restored E-Type models.

The tire features a dual sidewall design so consumers can choose the look they like best.
Product Geolandar X-AT Comes in 27 Sizes

The Geolandar X-AT is an extreme all-terrain tire designed for pickup trucks, Jeeps and SUVs in 27 sizes ranging from 15 to 22 inches. 

The Cloyes timing chain water pump kits cover nearly 4 million vehicles in operation in North America
Product Cloyes Adds Timing Chain Water Pump Kits

Cloyes Gear and Products Inc. has released two timing chain water pump kits designed for the replacement of worn or damaged timing chains, tensioners, sprockets, guides and water pumps.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!