Michelin has announced it has acquired Masternaut, one of the largest European telematics providers. The purchase, Michelin says, is in line with the Group’s development strategy in the Services & Solutions business.
Masternaut operates primarily in France and the UK, offering on-board telematics solutions to optimise vehicle fleet management and monitoring. Masternaut manages over 220,000 mostly light utility vehicles under contract.
Michelin says the acquisition 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 optimise customer mobility and respond to the needs of a changing market,” said Florent Menegaux, Managing General Partner, Michelin. “Masternaut represents a further step in the expansion of our Services & Solutions business, especially in Europe and for light vehicle fleets.”