Paris – Groupe Michelin has signed an agreement to acquire European telematics provider Masternaut, the company announced 16 May.
Based in Leeds, the UK, Masternaut is specialised in fleet and asset management and offers a “technical platform” for onboard telematics.
The company primarily operates in France and the UK, currently managing over 220,000 vehicles, Michelin said.
The acquisition follows other Michelin’s recent investments in technology companies such as Sascar and NexTraq.
With this latest purchase, Michelin said it expected to speed up the development of its services & solutions…