Michelin completes NexTraq acquisition

Former Fleetcor Technologies business NexTraq is now a wholly-owned subsidiary of Michelin North America following the completion of its all-cash acquisition.

The newly-minted subsidiary will expand Michelin’s footprint, scale and competitiveness in the rapidly growing fleet-services category. NexTraq provides GPS-enabled solutions for driver safety, fuel management and enhancing driver productivity in commercial fleets of smaller vehicles (classes 3‒5).

NexTraq will maintain its principal offices in the US city of Atlanta. The unit has approximately 7,000 fleet customers and 116,000 subscribers across the USA.