At this year’s Solutrans show, Michelin is launching Michelin Connected Fleet in its home market of France. This launch follows the introduction of Michelin Connected Fleet in Spain in October 2020, and Michelin says it will also debut in the UK by the end of this year, as well as in Germany and South Africa.
Telematics and fleet management services provider Masternaut has launched its new MoveElectric solution. With MoveElectric, the Michelin-owned firm aims to support the management of company fleets as they transition from internal combustion engines (ICE) to electric vehicles (EV).
Michelin has agreed to buy the entire share capital of Masternaut, one of the largest European telematics providers, for an undisclosed amount. While not price details have been released, according to the company, the transaction has been made on the basis of eight-times 2018 EBITDA before synergies. Masternaut will continue to operate under its own brand as a fully-owned subsidiary within Michelin, and the transaction is expected to close within the next sixty days.