Michelin to drive away with US subsidiary of FLEETCOR
June 15, 2017
Workflow Software | Atlanta, GA | Corporate Acquisition
Michelin has agreed to acquire NexTraq, a provider of commercial fleet telematics, from FLEETCOR Technologies, a provider of fuel cards and workforce payment products. The deal adds around 7,000 fleet customers and 116,000 individual subscribers to Michelin North America, the unit within which NexTraq is slated to operate upon completion of the transaction.