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Announced

Michelin to acquire Masternaut.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA8x
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

telematics

Single Bidder

IT Services: Other

Pending

Private

Acquisition

Majority

Friendly

Private Equity

Synopsis

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Michelin, a French multinational tyre manufacturer, agreed to acquire Masternaut, one of the largest European telematics providers. Financial terms were not disclosed. "Michelin is consolidating its expertise in telematics, enabling us to optimize customer mobility and respond to the needs of a changing market. Masternaut represents a further step in the expansion of our Services & Solutions business, especially in Europe and for light vehicle fleets." Florent Menegaux, Michelin Managing General Partner.

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