Michelin to Acquire Telematics Company Masternaut
16 Maggio 2019 - 8:59AM
Dow Jones News
By Olivia Bugault
Compagnie Generale des Etablissements Michelin (ML.FR) said
Thursday that it has signed an agreement to acquire telematics
provider Masternaut.
The aim of the acquisition is to accelerate the deployment of
its group's telematics offerings in Europe, The French tire maker
said.
Telematics is a field which includes technology used for the
tracking of vehicles.
The company didn't disclose the financial details of the
deal.
Masternaut provides onboard telematics solutions for vehicle
fleet management and monitoring and operates primarily in the U.K.
and France.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
May 16, 2019 02:44 ET (06:44 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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