Michelin has acquired Masternaut, one of the largest European telematics providers.
Masternaut operates primarily in France and the United Kingdom. It provides a technical platform equipped with the latest technology and offers on-board telematics solutions to optimize vehicle fleet management and monitoring. Masternaut manages more than 220,000 utility vehicles under contract.
The acquisition, according to Michelin, will:
- Speed up the development of its Services & Solutions business for light vehicles and support the booming fleet market
- Enable Masternaut to roll out its offering across the whole of Europe by taking advantage of the Michelin network’s geographical coverage
- Increase the volume of data captured, allowing it to offer its customers the best solutions, improve product performance and develop its data science deployments, such as predictive maintenance.
“Michelin is consolidating its expertise in telematics, enabling us to optimize customer mobility and respond to the needs of a changing market,” said Florent Menegaux, managing general partner of Michelin. “Masternaut represents a further step in the expansion of our Services & Solutions business, especially in Europe and for light vehicle fleets.”