{"id":4216,"date":"2017-06-21T23:10:49","date_gmt":"2017-06-21T17:40:49","guid":{"rendered":"http:\/\/www.tyremarket.com\/tyremantra\/?p=4216"},"modified":"2017-06-22T11:08:48","modified_gmt":"2017-06-22T05:38:48","slug":"michelin-news-acquire-telematics-provider-nextraq","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/michelin-news-acquire-telematics-provider-nextraq\/","title":{"rendered":"Michelin All Set To Acquire Telematics Provider, NexTraq"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4218 size-full\" title=\"Buy Michelin Tyres Online\" src=\"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2017\/06\/Buy-Michelin-Tyres-Online.-e1498066671714.jpg\" alt=\"Michelin News - Michelin Tyres Online\" width=\"729\" height=\"410\" vspace=\"18\" \/><\/p>\n<h4 style=\"text-align: center;\"><a href=\"https:\/\/www.tyremarket.com\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>SHOP MICHELIN TYRES ONLINE IN INDIA\u00a0| CLICK HERE<\/strong><\/a><\/h4>\n<p>On 20<sup>th<\/sup> July, 2017, Michelin added another feather to its cap when it announced that it is acquiring NexTraq, a U.S based provider of commercial fleet telematics, in a cash transaction. NexTraq, is a subsidiary of FLEETCOR Technologies, Inc., based in Atlanta, USA. It is a leading global provider of fuel cards and workforce payment products.<\/p>\n<p>Providing solutions for driver safety, fuel management and enhancing fleet productivity, Founded in the year 2000, NexTraq, has become a major provider of GPS fleet management solutions for fleets of small commercial vehicles.<\/p>\n<p>As per Ralph Dimenna, COO for Michelin Americas Truck Tires that since Telematics and fleet management services are a rapidly growing category worldwide and an important area of <span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.tyremarket.com\/tyremantra\/tyre-brand-history\/michelin-tyres\/\" target=\"_blank\" rel=\"noopener noreferrer\">Michelin Group\u2019s<\/a><\/strong><\/span> overall business plan, therefore, NexTraq represents a strategic acquisition that accelerates Michelin\u2019s growth in telematics with synergies that will increase Michelin\u2019s scale, its geographical footprint and will strengthen the overall competitiveness in fleet management technology and services in the U. S.<\/p>\n<p>According to Ron Clarke, Chairman and CEO of FLEETCOR, the decision to divest the NexTraq is centred on the conclusion that there is insufficient synergy with the core payment business to stay invested in the space.<\/p>\n<p>On the road safety aspect, Dimmena commented that since the NexTraq has the technology that monitors reckless driving and stops texting while driving, this acquisition will culturally fit into Michelin\u2019s\u00a0 purpose and long standing commitment to road safety.<\/p>\n<p>NexTraq employs 117 people and has a fleet customer base of 7,000 along with 116,000 individual subscribers. They are going to operate independently within Michelin North America group. The acquisition will be closed once certain customary conditions are completed including clearance under the Hart-Scott-Rodino Act.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>About FLEETCOR<\/strong><\/h3>\n<p>FLEETCOR has a geographical reach in North America, South America, Europe, and Australia. It is a prime global provider of fuel cards and workforce payment products to various businesses.<\/p>\n<h4 style=\"text-align: center;\"><a href=\"https:\/\/www.tyremarket.com\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>BUY MICHELIN TYRES ONLINE IN INDIA | CLICK HERE<\/strong><\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>SHOP MICHELIN TYRES ONLINE IN INDIA\u00a0| CLICK HERE On 20th July, 2017, Michelin added another feather to its cap when it announced that it is&#8230;<\/p>\n","protected":false},"author":5,"featured_media":811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4,6],"tags":[912,2668,2676,2677,1553,1733,963,917,2667,1920,2669,554],"class_list":["post-4216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-popular","tag-buy-michelin-tyres-online","tag-fleetcor","tag-michelin-car-tyre","tag-michelin-motorcycle-tyres","tag-michelin-news","tag-michelin-news-2017","tag-michelin-tyres","tag-michelin-tyres-at-best-prices","tag-nextraq","tag-ralph-dimenna","tag-ron-clarke","tag-tyre-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Michelin All Set To Acquire Telematics Provider, NexTraq<\/title>\r\n<meta name=\"description\" content=\"Michelin News - On July 20, 2017, Michelin is acquiring NexTraq, a provider of commercial fleet telematics. 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