Michelin: boosts fleet management business with NexTraq.
(CercleFinance.com) - Michelin announces this morning the acquisition of NexTraq, the US company specialised in automotive fleet management and geolocation software, from its parent company Fleetcor Technologies.
No financial details have been specified.
Founded in 2000, “NexTraq has become a leading provider of GPS fleet management solutions for fleets of small commercial vehicles (classes 3-5) ranging from two to 50 vehicles”, explains the tyre manufacturer. The target firm has 117 employees as well as 7,000 fleet managers among its clients and 116,000 individual subscribers.
“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”, commented Ralph Dimenna, Chief Operating Officer for the heavy truck unit of Michelin North America.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
No financial details have been specified.
Founded in 2000, “NexTraq has become a leading provider of GPS fleet management solutions for fleets of small commercial vehicles (classes 3-5) ranging from two to 50 vehicles”, explains the tyre manufacturer. The target firm has 117 employees as well as 7,000 fleet managers among its clients and 116,000 individual subscribers.
“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”, commented Ralph Dimenna, Chief Operating Officer for the heavy truck unit of Michelin North America.
Copyright (c) 2017 CercleFinance.com. All rights reserved.