First publishedon www.ITSInternational.com
has bought French telematics provider Masternaut
in a bid to speed up the development of its services and solutions business for light vehicles and fleets.
Michelin says the acquisition will enable Masternaut to roll out its offering across Europe by taking advantage of Michelin’s geographical coverage. It is also expected to improve product performance and develop data science deployments such as predictive maintenance.
Florent Menegaux, managing general partner at Michelin, says: “Masternaut represents a further step in the expansion of our services and solutions business, especially in Europe and for light vehicle fleets.”