Michelin buys into fleet telematics, mobility firm

Orlando, Florida — Michelin North America Inc. has taken an undisclosed equity stake in SmartDrive Systems Inc., a developer of video safety and transportation intelligence systems, expanding its drive into fleet telematics and mobility services.

Orlando-based SmartDrive Systems offers driving performance, safety, security and compliance solutions for commercial vehicles, buses, motor coaches and trains. Established in 2004, the firm has subsidiaries operating in China, India and the UK.

“The transportation sector is at the forefront of today’s technology innovation curve,” SmartDrive CEO Steve Mitgang said. “This investment…will…

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