Rank amongst the world’s most innovative, responsible and high-performing companies. Offering everyone a better way forward – that’s Michelin’s purpose. It’s what allows us to offer sustainable solutions that fully meet all our customers’ needs. Expands Fleet Management Capabilities for Commercial Trucks in the United States Michelin to Acquire NexTraq, a Telematics Provider, from FLEETCORMichelin today announced that it has agreed to acquire NexTraq, a U.S. provider of commercial fleet telematics, in an all-cash transaction. Tires, solutions, and mobility experiences: explore all the products and services that Michelin develops and markets to improve your experience with mobility. Share. Innovation is in Michelin’s DNA. The acquisition of this company, whose business model has proved its worth in Brazil (33,000 fleets managed, 190,000 trucks), will enable Michelin to expand its service offering for truckers and to speed the growth of its truck tire business in Brazil.
As per the latest news circulating in the tech media world, leading French tyre manufacturing company Michelin aspires to buy the Telematics business of TomTom, a Dutch navigation service company. Health protocol for a site facing a COVID-19 epidemicFaurecia and Michelin formalize their joint venture and aim to create a world leader in hydrogen mobilityMichelin announces its acquisition of Masternaut, one of the largest European telematics providers Our publications Notably, Michelin is heading towards the second round of sales process which TomTom initiated since September end this year. Michelin announces its acquisition of Masternaut, one of the largest European telematics providers. Share data
“We would especially like to thank the NexTraq management team for their hard work and success in building a market-leading telematics business.”NexTraq has 117 employees, approximately 7,000 fleet customers and 116,000 individual subscribers. Share data This strategy aims to make Michelin one of the most innovative, responsible, and high-performing companies worldwide across all of its responsibilities: economic, environmental, social and societal. For Michelin, the acquisition of Masternaut marks its third major acquisition in the fleet telematics industry, following previous investments in Nextraq in North America and Sascar in South America, and will give the firm access to Europe’s rapidly growing telematics market – projected by industry analyst Berg Insight to grow by over 15% p.a. News Michelin announces its acquisition of Masternaut, one of the largest European telematics providersMasternaut operates primarily in France and the United Kingdom. Votre désinscription a été prise en compte.
The Group’s societal responsibility is embodied by its Development and Sustainable Mobility strategy. “NexTraq represents a strategic acquisition that accelerates our growth in telematics with synergies that increase our scale, expand our geographic footprint and strengthen overall competitiveness in fleet management technology and services in the United States.”“While we were able to grow NexTraq’s operating income nearly 400 percent since we acquired the business and to generate a strong return for our shareholders, our decision to divest NexTraq centered on the conclusion that there is insufficient synergy with our core payments business to stay invested in the space,” said Ron Clarke, chairman and chief executive officer of FLEETCOR.