We are a market leader in a high-growth, competitive technology industry.
We created the field of vehicle telematics 20 years ago, and have maintained a leadership role in industry. Following a period of transformation and repositioning, Masternaut has launched an important growth strategy covering go-to-market, product, and a significant investment in talent. We have recently been acquired by Michelin, which further boosts our aspirations and resources for European growth.
We deliver an IoT solution which is invaluable to our customers in managing and optimising their fixed and mobile assets. The IoT solution includes high performance SaaS platforms, and a family of embedded devices which are installed in assets and vehicles to provide real-time telemetry data feeds. The solution helps our clients drive significant operational improvements: reducing fuel consumption, increasing vehicle utilisation (which reduces the number of vehicles on the road), and improving the safety and productivity of their staff. In 2016, our clients reduced fuel consumption by 90 million litres and avoided the release of 230 million kg of CO2 into the atmosphere.
Within the rapidly expanding area of the Internet of Things (IoT), telematics is one of the most mature products with proven commercial application, delivering 3x to 5x ROI for our customers. We are a market leader in this developing industry with huge potential for positive impact on our communities. The adoption of telematics in commercial vehicles is still below 10% globally and growing rapidly.
Masternaut at a glance: 20 years in commercial vehicle telematics, 10,000+ customers, 220 000 vehicles connected, 300+ employees across Europe, ISO and GDPR compliant, €60m revenue.
Masternaut is a Michelin Group Company, within its Services & Solutions division.