Michelin adds Masternaut to fold

摘要

Tyre manufacturer Michelin is to purchase telematics provider Masternaut to boost its range of fleet solutions for customers. Masternaut is one of Europe's leading telematics companies, managing approximately 220,000 vehicles globally. Founded in 1996, Masternaut is the third telematics provider Michelin has bought in five years, following Sascar of Brazil in 2014 and the US-based Nextraq in 2017. In December, Michelin came close to purchasing Tom Tom but narrowly lost out to rival tyre manufacturer Bridgestone.