
Masternaut UK
Telematics and data solutions for fleet management.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
N/A | Acquisition | ||
Total Funding | 000k |
EUR | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
---|---|---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | (18 %) | (15 %) | (7 %) | - | (13 %) | 6 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% EBITDA margin | 19 % | 37 % | 11 % | 18 % | (6 %) | 339 % | 7 % |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
% profit margin | (21 %) | (1 %) | (26 %) | (19 %) | (47 %) | 296 % | (27 %) |
EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
R&D % of revenue | - | - | 6 % | 10 % | 17 % | - | - |
Source: Company filings or news article
Masternaut, now operating under the MICHELIN Connected Fleet brand, is a prominent player in the telematics and fleet management solutions market. The company's origins trace back to 1996 when it was founded in France by Serge Deleau as SDM. The UK arm of the business was established in 2002 by Martin Port, who grew the startup significantly, earning it spots in The Sunday Times Tech Track 100 for several consecutive years. A significant milestone occurred in 2011 when Masternaut merged with its competitor Cybit in a £100m deal backed by Francisco Partners, creating Europe's largest telematics provider at the time. The company has since gone through several ownership changes, including an acquisition by Summit Partners and FleetCor Technologies in 2014, before being acquired by Michelin in 2019. This latest acquisition integrated Masternaut into Michelin's Services & Solutions business, aiming to accelerate product development and expand its reach across Europe.
The core of Masternaut's business is providing data-driven solutions to fleet operators, helping them manage their vehicles more effectively. The company serves a diverse client base, ranging from small businesses to large enterprises across various industries like logistics, retail, and construction. Its business model is primarily based on a Software-as-a-Service (SaaS) subscription, where clients pay for access to a platform that processes and analyzes vehicle data collected via telematics devices. This revenue model is supplemented by the sale of hardware and add-on features.
Masternaut's product suite offers comprehensive telematics solutions that utilize GPS technology to track vehicle locations, with data transmitted via mobile networks to its Masternaut Connect software platform. Key features include real-time vehicle tracking, driver behavior monitoring to enhance safety, fuel consumption analysis, and maintenance scheduling. The platform provides actionable insights through tools like journey history review, geofencing alerts, and automated reports. To cater to different needs, Masternaut offers various hardware options, including professionally installed devices that connect to the vehicle's CAN bus or OBD port, and a self-install, plug-and-play device called Masternaut Pulse that fits into a cigarette lighter socket. The company also provides specialized solutions for cold chain management and has formed partnerships for factory-fitted telematics with automotive manufacturers.
Keywords: fleet management, telematics, vehicle tracking, SaaS, GPS tracking, driver behavior monitoring, fuel management, fleet optimization, asset tracking, mobile resource management, logistics technology, connected vehicles, Michelin Connected Fleet, fleet safety, route optimization, CO2 emissions reduction, cold chain logistics, predictive maintenance, IoT, fleet data analytics